Mesa ends mortgage rewards program

Fintech startup Mesa has shut down its credit card, Homeowners Card, that gave rewards for paying mortgages.

The company said on its website that, starting December 12, all accounts will be closed, cards will be deactivated, and no new purchases or points can be earned. Mesa called it a business decision and has not shared its future plans.

Mesa started in November 2024 with $9.2 million in funding. It offered mortgage loans with 1% cash back and a card that earned points for home-related spending, such as utilities, groceries, HOA fees, and mortgage payments.

The idea was to tailor rewards to homeowners rather than travel or dining. Users had reported declining transactions before the shutdown. Now, points can only be used as a statement credit at a rate of 0.6%.