Mesa shuts down credit card that rewarded cardholders for paying their mortgages

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Mesa has shut down its Homeowners Card program as of December 12, deactivating all accounts.
The shutdown was described as a 'business decision,' with no new purchases or points earning possible.
Mesa launched in November 2024 with $9.2 million in funding, offering mortgage loans with cashback and a rewards credit card.
The card aimed to reward home-related expenses like gas, groceries, utilities, and mortgage payments.
Cardholders can now only redeem points at a 0.6% statement credit rate.
Bilt plans to introduce mortgage payment rewards in its revamped card next year.
Mesa cardmembers reported declined transactions prior to the shutdown, initially believed to be temporary.

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