Mortgage Rewards + Up to 50,000 Point Bonus — My Money Blog

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).