[Update] Mesa Credit Card: Earn Points On Mortgage Payments, Various Freebies

Update 7/25/25: Points can now be redeemed easily at .8 cents per point via their “Mortgage” option. That’s better than the .8 cents gift card or .6 cents statement credit options. (ht granburguesa)

Original Post 5/23/25:

There’s a new no-fee credit card called Mesa which earns points when you have a mortgage. There’s also free wholesale club membership, Lowe’s $30 quarterly credit and more.

Direct Link To Mesa credit card

Signup Bonus

• Expired They released a signup bonus today of 50,000 points if you spend $5,000 on the credit card within 90 days. Use promo code BONUS50 during signup.

You can also click through a friend’s referral link or a blog affiliate to get them credit for the signup as well.

Card Details

You don’t actually pay your mortgage with the card, just send in the mortgage details and get 1x per dollar of the mortgage. I assume any taxes which are rolled into your mortgage earn 1x per dollar as well. There is a limit of 100,000 miles per year which can be earned from mortgage payments.

The big catch is that you have to spend $1,000 each month in order to get the mortgage points credit.

• No annual fee
• No foreign transaction fee

Two spouses who share a mortgage can each get the card but will not receive double the miles earned from the same mortgage.

Card Benefits

• $65 toward Big Box Membership (warehouse clubs) each year
• $200 annual Thumbtack credit (home maintenance and cleaning), up to $25 each job
• $120 annual Wag! (pet care), up to $10 off each month
• $120 annual The Farmer’s Dog (pet food), up to $10 off each month
• $100 Armadillo Home Warranty (one time $100 on your first accident claim)
• $120 Lowe’s Credit ($30 per quarter) – this credit is for the first year only

Card Earning Rates

• 3x on home decor, home improvement, general contractors, cable & streaming services, home insurance, property taxes, maintenance, telecom, utilities and daycare
• 2x on Groceries, Gas, and EV charging
• 1x Everywhere else
• 1x on mortgage payments when you spend $1,000 each month on the card

Points Redemption

• Points can be spent at up to 1.3 cent apiece through their travel portal
• .8 cents per point cashout via their “Mortgage” option
• .8 cents each towards gift cards
• .6 cents each as credit card statement credits.
• They also offer redemptions for closing costs on mortgages obtained though their marketplace.

Here is the transfer partner list and their transfer rates:

• Accor 1.5:1

• Air Canada 1:1

• Air India 1:1

• Finnair 1:1

• Hainan Airlines 1:1

• SAS 1:1

• Thai Airways 1:1

• Vietnam Airlines 1:1

Our Verdict

Assuming these benefits stay long term, it’s an interesting card for the points earning from mortgage, free $65 wholesale club membership, and the other credits. The 50,000 points signup bonus and $120 in Lowe’s credits during the first year is a nice addition.

Obviously the big trade-off is the $1,000 monthly spend. I’d have to run some numbers, but it could definitely make sense, especially for someone with a large mortgage.

I suppose it might also make sense to get the card for the signup bonus and keep it for the annual credits as a no-fee card.

Hat tip to VFTW