Mesa discontinues credit card program that offered rewards to users for making mortgage payments

Mesa Ends Its Homeowners Card Program

Mesa, a fintech company, has discontinued its Homeowners Card, which previously allowed users to collect reward points for making mortgage payments.

According to an announcement on Mesa’s website, all Homeowners Card accounts were closed as of December 12. The statement notes that all cards have been deactivated, and customers can no longer make purchases or accumulate Mesa Points.

In a FAQ addressing the closure, Mesa described the move as a decision to end the Homeowners Card Program entirely. TechCrunch has contacted Mesa for more information regarding its future direction.

Background on Mesa’s Offerings

Launched in November 2024, Mesa entered the market with $9.2 million in funding, including $7.2 million in equity and $2 million in debt. The company provided two main products: mortgage loans with 1% cashback and a credit card offering rewards such as cashback, travel benefits, and mortgage payment offsets.

CEO Kelley Halpin previously explained to TechCrunch that Mesa aimed to adapt the popular features of travel and dining rewards cards for homeowners and parents.

How Mesa’s Rewards Worked

While many credit cards offer points for various home-related expenses, Mesa specifically designed its rewards program to encourage spending on homeownership costs. Halpin noted that the card rewarded purchases like gas, groceries, HOA fees, utilities, home goods, and mortgage payments, rather than travel or dining.

Industry Context and Customer Reactions

Bilt, another company in the rewards space, currently lets users earn points on rent payments and has announced plans to extend this to mortgage payments with a new card launching next year.

Travel deal sites such as One Mile at a Time and Upgraded Points have reported on Mesa’s shutdown. According to these sources, cardholders experienced declined transactions over the past week, with Mesa initially attributing the issue to a temporary disruption.

Redeeming Remaining Points

At present, the only way for Mesa cardholders to redeem their accumulated points is by applying them as a statement credit, valued at 0.6%.