Mint will be closing its doors on March 23, 2024, and Intuit is hoping that Mint users will shift to Credit Karma. But before you make your decision, here’s what you need to know about the transition from Mint to Credit Karma:
- Migrating to Credit Karma will cause you to immediately lose access to your Mint Account.
- Setting monthly budgets and customized categories is currently not possible with Credit Karma.
- Setting up your data on Credit Karma will take time. The longer you have been using Mint, the longer it will take to set up your data.
- Some financial institutions supported by Mint aren’t supported by Credit Karma, like the Apple Card for example.
- It’s currently not possible to manually add loans to Credit Karma.
If any of these are deal breakers for you then it’s probably time to consider other Mint alternatives.
What Are the Best Mint Alternatives Aside from Credit Karma?
1. Cushion AI – Best Bill Tracking Alternative
If you’ve been using Mint to primarily track your bills, then Cushion is the best option for you. The Cushion App allows you to track, pay, and build your credit profile with your bills, subscriptions, and Buy Now, Pay Later!
Cushion also allows users to manage their BNPL spending through customized categories for their BNPL loans – which no other personal finance management app is able to do.
If you spend money on Buy Now, Pay Later, Cushion is the solution for you.
Recommended Guide: Cushion vs. Mint.
2. Empower – Best Overall Mint Alternative
As an all-around financial tool, Empower is actually leagues ahead of Mint. Empower allows you to set a monthly budget and track your spending and investments. And best of all, it’s free just like Mint (except for their investment management service).
3. Monarch – Best for Ease of Migration
Monarch’s CEO and Co-founder, Val Agostino, was the first product manager on the original Mint team so it’s no surprise that moving from Mint to Monarch is quick and easy.
Not to mention you can upload your Mint data to Monarch in a few easy steps as shown in their tutorial video.
4. Tiller – Best for Data Privacy
One of the biggest issues with personal finance apps or even with fintech in general is data privacy. Users have to take a leap of faith and entrust fintech companies with their data.
Tiller is special in this regard because it’s essentially a set of sophisticated spreadsheet templates. And if you choose to do so, you can manage your budget and investments in a private spreadsheet using Tiller. This means that your data is hosted on your own computer, making this Mint alternative the best for data privacy.
5. Quicken Simplifi / Classic – Best for Goal Flexibility
Quicken used to be a part of Intuit so Mint users should feel right at home with this alternative. Quicken Simplifi is the version of Quicken that’s best for personal budgeting.
Those with a focus on investment and wealth management can subscribe to Quicken Classic instead. Best of all, Quicken allows users to upgrade or downgrade their subscriptions on the fly.
Summary
If you’re still on the fence about the fintech app you’re migrating to, then it’s best to hold off on creating or connecting a Credit Karma account in the Mint app. Doing so will cause your Mint account to shut down even before the March 23, 2024 deadline.
Most personal finance apps have free trials you can take advantage of. So feel free to shop around until you find the perfect alternative. And if you’re looking for a one-stop shop for managing your bills, subscriptions, and BNPL payments, then Cushion is the perfect option for you.
