Mesa Shuts Down Home Owner’s Card Program

Fintech startup Mesa has announced the closure of its Home Owner’s Card, which allowed cardholders to earn points for mortgage payments.

As of December 12, the company stated that “all Mesa Homeowners Card accounts have been closed.” It added that all credit cards have been deactivated, meaning they can no longer be used to make purchases or accumulate Mesa Points.

Mesa referred to this move as a “management decision to permanently close the Mesa Homeowners Card program.” TechCrunch has reached out to the company for more details about its future plans.

The startup launched about a year ago in November 2024 with $9.2 million in funding, which included $7.2 million in equity and $2 million in debt. Mesa’s offerings included a home loan that provided 1% cash back and a credit card that featured benefits like cash back and travel rewards.

At the time of the launch, CEO Kelly Halpin mentioned that they aimed to “recontextualize everyone’s beloved travel and dining cards for homeowners and parents.”

In essence, while traditional rewards cards typically let users earn points on travel and dining, Mesa designed its program to encourage spending on homeownership-related expenses.

Halpin explained, “So instead of getting paid on travel and food expenses, you’re getting paid on gas, groceries, HOA fees, utilities, household goods, and mortgage payments.”

Meanwhile, Bild has rolled out a point card for customers to earn points when paying rent, with plans to expand mortgage payment rewards in the coming year.

The situation regarding Mesa’s card closure has been noted on various travel transaction websites. Reports indicate that Mesa cardholders experienced declined transactions over the past week, initially attributed to a temporary outage.

Currently, the only way to redeem points accumulated on the Mesa card appears to be through statement credits, and at a rather low rate of 0.6%.