Mesa shuts down credit card that rewarded cardholders for paying their mortgages [TechCrunch]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: TechCrunch
A message on the Mesa website states that as of December 12, “all Mesa Homeowners Card accounts are closed,” adding, “All credit cards have been deactivated and you are no longer able to make any new purchases or earn Mesa Points.” A Mesa FAQ about the shutdown described this as “a business decision to close the Mesa Homeowners Card Program entirely.” TechCrunch has 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 — mortgage loans with 1% cash back, as well as the credit card with rewards including cash back, travel, and offset mortgage payments. At the time, CEO Kelley Halpin told TechCrunch that the startup had “taken what everybody loves about travel and dining cards to re-contextualize that for the homeowner/parent.” In theory, you could earn points for home expenses by using any credit c
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