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Mesa and PRMG Debuting Co-Branded Homeowners Credit Card
A new co-branded version of a unique rewards credit card is now available.
About the PRMG Mesa Homeowners Card:
Mesa is partnering with Paramount Residential Mortgage Group (PRMG) to introduce a co-branded rewards credit card. Those working with a PRMG loan officer will be able to apply for the card after they close on their home purchase.
The new card will be a custom version of the Mesa Homeowners Card, bearing PRMG branding. With the Homeowners Card, customers can earn 1 point per dollar spent on their monthly mortgage. However, to earn these points, cardholders will need to spend at least $1,000 on the card during the billing cycle. Additionally, this perk is capped at a total of 100,000 points per year.
As for other rewards, the PRMG-Mesa Homeowners Card earns 3x points on home improvement purchases, utilities, daycare, and more. The card also earns 2x on groceries as well as 2x on gas and EV charging. Earned points can then be redeemed for statement credits, gift cards, travel, or transferred to select partner programs — although redemption rates for each option do vary.
With the Mesa Homeowners Card, PRMG customers will also enjoy up to $800 in benefits. These perks include:
- A complimentary membership to qualifying big box stores (Costco, Sam’s Club, etc.)
- Up to $120 per year in Lowe’s credits
- Up to $200 per year in Thumbtack credits
- Up to $120 per year in Wag credits
- Up to $120 per year in Farmer’s Dog credits
- Up to $100 in Armadillo Home Warranty credit
- Up to $100 in Cozy Earth credit
Neither the regular Mesa Homeowners Card nor the new RPMG version carry any annual fee.
What They’re Saying:
Commenting on the partnership, Mesa co-founder and CEO Kelley Halpin said, “At Mesa, our mission is to make homeownership more affordable and rewarding. By working with PRMG — a leader in mortgage lending — we’re able to introduce the benefits of the Mesa platform to homeowners at the very start of their journey, helping them save money on their mortgage and home-related expenses from day one.”
PRMG’s chief lending officer Kevin Peranio noted, “At PRMG, we are always seeking new ways to add value for our customers. Introducing a homeowner loyalty program and co-branded card that directly benefits homeowners gives us a strong competitive edge while deepening customer loyalty in innovative ways.”
My Thoughts:
Looking at the details of this PRMG version of the Mesa Homeowners Card, I have yet to spot any difference from the “vanilla” edition — aside from the card design that includes the PRMG logo. I don’t exactly know what alterations I was expecting, aside from possibly dropping the $1,000 per month spending requirement for earning mortgage payment points. Actually, a better perk would be the ability to redeem points toward mortgage payments (and at a decent rate), but I haven’t seen mention of such a feature.
As for whether I’d recommend this card to PRMG customers, so far, I’ve had a mostly positive experience with the Mesa Homeowners card. However, I feel as though the majority of the card’s value comes from the credits, as the rewards redemption rates are subpar for anything but travel. To their credit, though, Mesa has improved redemptions a bit since I first wrote my review and they’ve also added transfer partners.
Business-wise, I think this is a smart move for Mesa to partner directly with mortgage companies to bring their customers aboard. Speaking as a Mesa cardholder myself, I do hope that this strategy works well for them and allows them to continue to improve (or at least maintain) their product.
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Other Articles by Kyle Burbank
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