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As stated by Techcrunch
The fintech startup Mesa shut down its Homeowners Card, which rewarded homeowners with points for paying their mortgage.
On Mesa’s site it states that as of December 12 “all Mesa Homeowners Card accounts are closed,” and that “all credit cards are deactivated and no new purchases or Mesa Points can be earned.”
this is a business decision to completely shut down the Mesa Homeowners Card program.
Launch history and core products
The startup emerged a little over a year ago, in November 2024, raising $9.2 million: $7.2 million in equity financing and $2 million in the form of debt. The company offered two products – mortgage loans with 1% cashback and a rewards credit card that included cashback, travel, and partial mortgage payoff.
According to CEO Kelley Halpin, the startup “took what everyone loves in travel and dining cards and reimagined it for homeowners.”
In theory you could earn points for household expenses by using any rewards credit card, but Mesa said the points structure incentivizes spending related to home ownership.
Halpin also noted that “this does not reward travel and dining spending; it rewards spending on fuel, groceries, your HOA dues, utilities, home goods, and the mortgage payment.”
Bilt, which has a rewards card that allows earning points on rent payments, said it would expand its mortgage-payments points programs when launching an updated card next year.
Mesa Card closure was covered on travel and rewards sites such as One Mile at a Time and Upgraded Points, which report that Mesa cardholders had complained about transaction denials over the past week; the company initially called it a temporary outage.
The only remaining way to use the earned points now is to apply for a line of credit on an account with a 0.6% rate.
