How to Cancel Mint Credit Monitor
Subscription in Few Steps
Need to cancel your Mint Credit Monitor subscription? Learn how to do it in a few easy steps and manage your finances effectively.
Mint's Credit Monitor keeps track of your credit score. It also lets you know when there are changes or if your identity has been possibly stolen. While this works fine for keeping your finances in check, you may have some occasions where you'd like to cancel. The article will walk you through how to cancel and its refund policy, underline how much you can save, suggest where to invest the saved amount, and give alternatives to Mint Credit Monitor.
Methods of Cancellation
Canceling your Mint Credit Monitor subscription can be done through a few different methods:
Online via Mint Website
Step 1
Sign in to your Mint account on the official website.
Step 2
Navigate to the 'Settings' or 'Account' section.
Step 3
Find the 'Subscriptions' tab and locate your Mint Credit Monitor subscription.
Step 4
Cancel Subscription: Follow the prompts to cancel your subscription. You may be asked to confirm your decision.
Via Customer Support
Step 1
Contact Mint's customer support team via phone or email.
Step 2
Have your account details ready, including your username and the email associated with your Mint account.
Step 3
Ask the representative to cancel your Mint Credit Monitor subscription. Make sure to get confirmation of the cancellation.
Via Mobile App
Step 1
Launch the Mint app on your mobile device.
Step 2
Navigate to Settings: Tap the settings icon in the profile section.
Step 3
Look for the 'Subscriptions' tab.
Step 4
Select the Mint Credit Monitor subscription and follow the cancellation instructions.
Mint Credit Monitor Subscription Refund Policy
Mint's refund policy for the Credit Monitor subscription can vary. Generally, they do not offer refunds for partial months, meaning if you cancel midway through a billing cycle, you may not receive a refund for the remaining days. It's best to cancel at the end of your billing cycle to avoid losing money. Always check the specific refund terms and conditions in your Mint account or contact their customer support for clarification.
How Much Can You Save After Canceling Your Mint Credit Monitor Subscription
Mint Credit Monitor subscriptions typically cost around $16.99 per month. By canceling your subscription, you can save approximately $203.88 annually. This amount may seem small every month, but over a year, it can contribute significantly to other financial goals or investments.
Where to Invest That Amount
Once you've canceled your subscription and saved the $203.88 annually, consider the following investment options:
High-Yield Savings Account
A high-yield savings account like Beem offers higher interest rates than traditional savings accounts. This can be a safe place to store your money while earning interest.
Debt Repayment
Using the saved money to pay it down can be a smart financial move if you have any high-interest debt, such as credit card debt. Reducing debt can improve your financial health and credit score.
Alternatives to Mint Credit Monitor Subscription
If you still want to monitor your credit without the cost of Mint Credit Monitor, consider these alternatives:
Credit Karma
Credit Karma offers free credit monitoring services and provides access to your credit score and reports from two major credit bureaus.
Credit Sesame
Credit Sesame also offers free credit monitoring and provides insights and tips to improve your credit score.
AnnualCreditReport.com
You are entitled to one free annual credit report from each central credit bureau. Use AnnualCreditReport.com to access your reports and monitor your credit for free.
Experian
Experian offers a free credit monitoring service that includes alerts for changes to your credit report.
Conclusion
Canceling your Mint Credit Monitor subscription may be hugely instrumental in saving you money and freeing up resources for other financial priorities. Knowing methods of cancellation and learning substitute services that help track credit can help you maintain control over your financial well-being without unneeded expenses. Whether you invest those savings or pay down debt, making informed decisions will help you achieve your financial goals.
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