Mesa is a new fintech focused on “homeowners”, currently with a credit card and mortgage lending product. Their Mesa Homeowners Visa Card (issued by Celtic Bank) currently has a 50,000 points bonus albeit with a pretty high spending requirement. The card does have a unique set of perks that could be valuable.
Bonus details:
- 50,000 bonus points after $12,000 or more on eligible purchases within the first 3 months (90 days) of Card Membership. Offer currently set to expire 10/15/25.
- To receive this offer you must apply and be approved for the Mesa Homeowners Card between 9/19/2025 – 10/15/2025 Must use code SEPT50 or CHRIS50 at card application to qualify for the offer.
- Must apply via iOS or Android app.
- Bonus points will be credited to your account within 8–12 weeks after the qualifying purchase threshold is met.
- You are not eligible to receive this welcome offer if you currently have the Mesa Homeowners Card, or if you are a previous Mesa Homeowners Card holder.
Card details:
- 1X Mesa Point per $1 on your monthly mortgage payment, up to 100,000 points annually, when you spend at least $1,000 during your statement cycle on eligible purchases with your Mesa Homeowners Card.
- 3X Mesa Points on purchases categorized under Home Decor, Home Improvement, General Contractors, Cable & Streaming Services, Home Insurance, Property Taxes, Maintenance, Telecom, Utilities and daycare. 2X Mesa Points on groceries, gas, EV charging. (Note: Target, Amazon, Walmart, Costco, Sam’s Club do NOT count as 2X.) 1X Mesa Points per $1 spent on all other eligible purchases.
- This is a confusing statement, and indeed the rewards system is a bit funky. You can earn points based on your stated monthly mortgage amount, BUT you don’t actually pay your mortgage with this credit card. However, you must charge $1,000 to the card on other things, in order to trigger the mortgage-linked rewards.
- $65 Costco Annual Credit – When you join Costco or renew your existing membership on the card.
- $120 Lowe’s Annual Credit – Maximum of $30 per quarter. Must link your myLowes Rewards account.
- $200 Thumbtack Annual Credit – Hire trusted pros for home projects
- $100 Armadillo Home Warranty Credit
- $120 Wag! Annual Credit – On-demand pet care
- $120 The Farmer’s Dog Annual Credit – Fresh, healthy meals for your pup
- No annual fee.
Fine print on the credits here.
What can Mesa points be redeemed for? Yet another currency and point system to track.
- 1.2 to 1.4 cents per points via their Travel Portal.
- 0.8 cents per point when you cash out towards your mortgage, even though you don’t actually pay your mortgage with it (it goes into your linked bank account).
- 0.8 cents per point towards gift cards.
- 0.6 cents per point as a credit card statement credit.
You can also transfer to the following at a 1:1 ratio, except for ALL which is only at a 1.5:1 ratio.
Air Canada Aeroplan
Air India Maharaja Club
Finnair Plus
Hainan Airlines Fortune Wings Club
SAS EuroBonus
Thai Airways Royal Orchid Plus
Vietnam Airlines LotusMiles
Accor Live Limitless (1.5 Mesa -> 1 ALL point)
Personally, I’d probably either go with the 0.8 cents value virtual mortgage offset, or transfer to Air Canada points.
Bottom line. This is a new fintech and so there may be some hiccups with applications, identity verification, and them changing up their features and workarounds. However, the potential first-year value is very high if you can satisfy the high initial spending hurdle. That’s up to 50,000 points upfront + 100,000 points per year on mortgage, which is worth at least $400 + $800 in cash (technically towards your mortgage).
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I tried to sign up online, got thru verifying codes sent to both my email and phone number and then it told me that I can’t apply online and have to download the app. Downloaded the app, went thru the same process, and the only option was to join the waitlist for the card. Robinhood Gold Card all over again!
Mesa finally got back to me. They closed applications, but are still advertising the card and bonus offer. It sounds like they are using the bonus offer to lure in customers to get email addresses, phone numbers, and app downloads, and then reopen applications after the bonus has expired.
Thanks for the feedback. Anyone else have any luck getting this card in October?
I’m interested, but do not like the bait and switch that Jay seems to infer.
I’ve had the card for a couple weeks now – I like it! In case you’re not due for a Costco membership renewal for some time, you can also purchase a $65 gift card at the Membership Services desk and it will trigger the promotion. Here’s my referral link in case you found this helpful! https://mesa.onelink.me/odOT/gge86l53?referral_code=2h68rg
Thanks for the tip. Keep in mind though that you only get to input one promo code in the application, and the referrals currently don’t offer the 50,000 point bonus noted above.
Also, a note on Thumbtack – I really like it! I had never tried it before but I found a guy to come grind a tree stump I was debating doing myself and it was done within an hour of me starting to search. I often hesitate to have work done around the house because it’s a hassle to schedule people to come out and give quotes. With Thumbtack, you describe the job and post some photos, then contractors can bid in real time. The bad thing was that the guy wouldn’t let me pay with Thumbtack – I had to Venmo him instead. He did a good job so I didn’t fight him over it.
Do they actually verify how much the mortgage payment is?
Yes, they ask you to upload a copy of your mortgage bill in the app.
This seems too good to be true! They give me nearly $300 a year on the credits you bolded (Costco Lowe’s and thumbtack) and they don’t charge an annual fee! ? They even give you a sign up bonus $400 sign up bonus?
I don’t have a mortgage and there point system is crap, but just getting the card for credits and bonus seems really good. Am I missing something?
Looking into this more, in case anyone else reads this.
There seem to be a bunch of gotchas that made me not apply just for the credits.
1. The thumbtack credit is only $25 per job and it has to be paid through thumbtack this isnt easy to use
2. The lowes credit is $30 a quarter – which is too much to keep track of, addtionaly the fine prints read in the first 12 months, not each calander year so I assume the credits go away after a year.
3. The bonus offer is like 3.3% back on 12k which isnt great when I already have the 4% back card from US Bank (got lucky and the investment account still counted for me)
Overall I would open a credit card for basicly a costco membership and that doesnt seem like its worth it. Not bad but there are better values out there.