Credit Card News

Mesa Reveals Details on Homeowner Credit Card

by Kyle BurbankNov 13, 2024

After teasing a groundbreaking credit card product in September, Mesa has revealed more details about its Homeowners Card.

About the Mesa Homeowners Card:

Today, Mesa announced new details about what it calls the first premium credit card designed for homeowners. With the Mesa Homeowners Card, cardholders can earn Mesa Points on mortgage payments and other purchases. Plus, the company says there are no annual membership fees for the card.

Starting with rewards, cardholders can earn 1 Mesa Point per $1 spent on monthly mortgage payments, when users link through the Mesa app. Plus, customers can earn 3x points on home improvement, 3x points on utilities, and more. In addition to the home-related categories, the Mesa Homeowners Card will offer rewards on everyday purchases. This includes earning 2x on groceries, 2x on gas, and 2x on EV charging.

As for what members can do with their Mesa Points, the company says that they’ll be redeemable for statement credits, gift cards, travel experiences, and mortgage payments. However, a specific value of these points wasn’t confirmed in their press release.

Outside of rewards, Mesa states that it’s lined up strategic partnerships that will offer cardholders up to $800 in value. These will include credit for home improvements, big box memberships with the likes of Sam’s Club, Thumbtack home maintenance credits, and Wag pet care credits.

Currently, those interested in the Mesa Homeowners Card can join the waitlist on the Mesa site or app.

What they’re saying:

Discussing the idea behind the Mesa Homeowners Card, the company’s Head of Commercial Tina Moore explained, “Premium credit cards have traditionally catered to urban travelers with benefits centered around travel and dining, like TSA PreCheck and lounge access. But there is a major gap for programs designed for the homeowner, whose spending habits and lifestyles have changed.”

Moore added, “Homeowners are investing in their homes, managing weekly grocery shopping, and caring for their pets and kids, so we’ve reimagined premium benefits tailored to this lifestyle. By offering benefits such as big-box memberships and home improvement credits, we bring differentiated value to our members while helping our brand partners reach homeowners — some of the most valuable consumers.”

My thoughts:

After hearing about Mesa’s homeowner credit card when they raised their last round, I had a few big questions — and, while this release answered some of them, it definitely didn’t cover everything. For example, the wording of “monthly mortgage payments linked through the Mesa app” doesn’t quite explain if all mortgages are eligible or just those that originated on Mesa. For comparison, Bilt makes it clear that their service works with all landlords. And speaking of Bilt, their clever system allows users to pay rent using their card but not incur any fees while doing so. Meanwhile, Mesa doesn’t mention whether that will be the case for their product.

I’m also a bit confused as to how the card can apparently offer $800 in credits and benefits but have no annual fee. Well, actually, they state “annual membership fee” — which may prove to be some clever wording. Basically, I feel as though there needs to be a catch and I’m not sure what it is just yet.

As it stands, I’m still very interested in the Mesa Homeowners Card and am currently on the waitlist. I just hope to get a bit more clarity on these issues before it’s my time to apply.

Author

Kyle Burbank

Head Writer ~ Fioney

Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

Citi to Become Exclusive Issuer of American Airlines Credit Cards

by Kyle BurbankDec 5, 2024

American Airlines and Citi have reached a new agreement for their co-branded rewards credit card partnership — which will also push a different issuer out of the picture. About the new agreement: Today, Citi and American Airlines revealed that they've signed a deal to extend their co-branded partnership. The new agreement is for 10 years and comes after 37 years of the two companies working together. As part of the...

woman standing in front of Small Business Saturday sign

Small Business News

2024 Small Business Saturday Spending Totals $22 Billion

by Kyle BurbankDec 4, 2024

The results from the 15th annual Small Business Saturday are in. About Small Business Saturday 2024 spending: With Small Business Saturday taking place on November 30th, the impact of this year's event is now being seen. According to figures from American Express — the credit card issuer that founded Small Business Saturday in 2010 — consumers in the United States are projected to have spent $22 billion at independent shops and...

AMEX Gold card moving to an AMEX Green card

Credit Card Reviews

Why I Downgraded From the Amex Gold Card to Amex Green Card

by Kyle BurbankDec 3, 2024

This week, I did something I'd never actually done before: I canceled a credit card. Well, technically, I did a product change — but that's close enough. That's right, I made good on my threat to ditch the Amex Gold Card after the recent update and, instead, will now be an Amex Green Card customer for the first time. So, why did I decide to make this change, what was the...