Fintech startup Mesa has shut down its Home Owner’s Card, which gave cardholders points for mortgage payments.
A message on Mesa’s website states that as of Dec. 12, “all Mesa Homeowners Card accounts have been closed,” adding, “All credit cards have been deactivated and are no longer eligible for new purchases or the ability to earn Mesa Points.”
Mesa’s FAQ regarding the closure describes it as a “management decision to permanently close the Mesa Homeowners Card program.” TechCrunch reached out to Mesa for additional comment on future plans.
The startup launched exactly one year ago in November 2024 with $9.2 million in funding ($7.2 million in equity and $2 million in debt). The company offered two products: a home loan with 1% cash back and a credit card with benefits such as cash back, travel, and mortgage offsets.
At the time, CEO Kelly Halpin told TechCrunch that the startup “recontextualized everyone’s beloved travel and dining cards for homeowners and parents.”
In theory, you could earn points on home expenses with a rewards credit card, but Mesa said it structured its points program to incentivize spending related to homeownership.
“So instead of getting paid on travel and food expenses, you’re getting paid on gas, groceries, HOA, utilities, household goods, and mortgage payments,” Halpin said.
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Bild, which has a loyalty card that allows customers to earn points on rent payments, says it plans to expand points on mortgage payments when it launches a card refresh next year.
Mesa’s card closures have been picked up on travel deal sites like One Mile at a Time and Upgrade Points, and Mesa cardholders have been complaining of declined transactions over the past week, with the company initially claiming it was only a temporary suspension.
Currently, it appears that the only way to redeem points earned on the Mesa card is through a statement credit at a rate of 0.6%.
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