Fintech startup Mesa has shut down the Homeowners Card, which gave cardholders points for paying their mortgages.
A message for the Mesa website states that as of December 12th, “all Mesa Homeowners Card accounts have been closed,” adding, “All credit cards have been disabled and you can no longer make new purchases or earn Mesa Points.”
A Mesa FAQ about the shutdown described it as “a business decision to completely close the Mesa Homeowners Card Program.” TechCrunch reached out to Mesa for additional comment on its future plans.
The startup launched just over a year ago, in November 2024, with $9.2 million in funding ($7.2 million in equity funding and $2 million in debt). It offered two products — home loans with 1% cash back, as well as the credit card with rewards like cash back, travel and offset mortgage payments.
At the time, CEO Kelley Halpin told TechCrunch that the startup “took what everyone loves about travel and food cards and re-contextualized it for the homeowner/parent.”
In theory, you could earn points for housing expenses using any rewards credit card, but Mesa said it created its points program to incentivize spending related to home ownership.
“So it doesn’t reward you for travel and food expenses, but it rewards you for gas, groceries, HOA, utilities, household goods as well as your mortgage payment,” Halpin said.
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Bilt, which has a rewards card that lets customers earn points for rental payments, says it will extension with points for mortgage payments when a renewed card is released next year.
Mesa card termination has been covered by travel deals sites like One Mile at a Time and Upgraded pointswhich say Mesa card members have been complaining about declined transactions for the past week, with the company initially claiming it was only a temporary outage.
Now, it looks like the only way left to redeem the points you’ve earned on the Mesa card is via a credit transaction at 0.6% interest.
