I just ran across the newly introduced Mesa Homeowners Card, an interesting no annual fee credit card that gives you points if you have a mortgage along with a slew of valuable perks and benefits. It’s also offering a limited-time 50,000 points sign-up bonus. You don’t have to switch how you currently pay your mortgage either.
Is this something you should consider? Read my thoughts about the Mesa credit card below.
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Mesa Homeowners Credit Card: At a Glance
The main draw is here the ability to earn points (Mesa Points) if you have a mortgage. You don’t have to pay your mortgage with Mesa either – you can simpy submit your mortgage details to earn 1 point for every $1 of your mortgage (including any costs that are rolled into your mortgage like taxes).
There’s a limit of 100,000 points earned through mortgages per year, which comes out to a maximum mortgage payment of $8,333.33 per month – enough for the majority of homeowners. The only requirement for this is you have to spend at least $1,000 per month to get the points from your mortgage.
Outside of this feature though, the card also has an intriquing earnings structure and benefits that seems unsustainable long-term. By that I mean it’s really good, especialy for a fee-free card.
Earnings & Rewards Structure
The Mesa Homeowners Credit Card is a no annual fee credit card that earns:
- 1x Mesa Points for every $1 of your monthly mortgage payments.
- 3x Mesa Points on home & family expenses (home improvement, decor, maintenance, utilities, and daycare).
- 2x Mesa Points on everyday purchases (groceries, gas, EV charging, & more).
- 1x Mesa Points per $1 spent on all other eligible purchases.
Points can be redeemed in a number of ways, with various “per points value” depending on the option:
- Statement Credits – 0.6¢ per point when you apply points to offset purchases or monthly mortgage payments
- Gift Cards – 0.8¢ per point when you redeem points for gift cards at popular retail brands
- Travel – up to 1.3¢ per point when you use points to book flights, hotels, and travel adventures using Mesa’s travel portal
- Airline/Hotel Transfers – transfer points on a 1:1 basis (besides Accor) to the following hotel and airline programs:
- Accor 1.5:1
- Air India 1:1
- Finnair 1:1
- Hainan Airlines 1:1
- Thai Airways 1:1
- Vietnam Airlines 1:1
Benefits:
Here’s the list of complimentary benefits cardholders receive:
- Complimentary Big Box Membership (Costco, Sam’s Club, BJ’s Club, etc.)
- $120 annual Lowe’s Credit – upgrade and maintain your home
- $200 annual Thumbtack Credit – hire trusted pros for home projects
- $100 Armadillo Home Warranty Credit – protect your home from unexpected repairs
- $120 annual Wag! Credit – on-demand pet care at your fingertips
- $100 Cozy Earth Credit – indulge in premium, sustainable bedding
- $120 annual The Farmer’s Dog Credit – fresh, healthy meals for your pup
50,000 Mesa Points Sign-Up Bonus:
Mesa also launched a limited-time welcome offere where you can get 50,000 points if you open a Mesa Homeowners Card and spend $5,000 within 90 days by using promo code BONUS50 when you apply.
The Bottom Line
I love the concept as it’s extremely uncommon to earn any rewards for paying your mortgage, and in this case, you don’t have to even switch how you pay your mortgage. Very compelling offer when you consider the solid earnings structure and all the perks and benefits Mesa offers cardholders.
My mortgage is around $4,000 per month so I’d earn a minimum of 60,000 points for that alone (48,000 points for mortgage + $12,000 in minimum spending). I plan on offsetting my Costco membership with the Big Box perk. The $120 Lowe’s and $200 Thumbtack credit will also come in handy.
That makes it well worth it for me just on those reasons, so I just applied today and hope this gravy train keeps running.
