Mesa closed my account, and that of many readers. The option to transfer points to airline miles and hotel points is gone. The only redemption option left in the app appears to be redeeming for statement credit – at $0.006 per point. I cashed out my points.
This was great while it lasted, but they didn’t raise that much money and I didn’t see how they were going to make money on the card. They were awarding, effectively, an initial card bonus every month the card was open (points for your mortgage, without charging it to the card). And you unlocked that through spending in 3x categories.
It looks to me like they’re going out of business, though I haven’t seen a direct communication from them to that effect.
Got the same email – 85k points bricked up. Frustrating – especially since I just paid off the card yesterday
I realized about an hour before the email that I needed to finish my minimum spend requirement for the SUB, but hadn’t had a chance to do it. Glad I didn’t waste the spend.
I had a feeling this would be short-lived, but expected at least until the end of the year to be able to transfer points out.
Oh no…I still see my account active. I have about 3k balance and about 100k points.
The unfortunate thing, I don’t see any more transfer options and the statement credit is horrible conversion. Seeing your message i just requested a statement credit.
I had the same experience–immediately cashed out my points and changed any recurring payments that used the card. There’s now a message on their website: “Effective as of December 12, 2025, all Mesa Homeowners Card accounts are closed. All credit cards have been deactivated and you are no longer able to make any new purchases or earn Mesa Points.
Please see the account closure notification sent to the email address registered to
your account for more information.”
Considering that my daycare expenses earned me $140 worth of Accor points every month on a card with a $0 annual fee, and that the card offered a 3x reward on daycare spending, even though the interchange fee was 1.5-2%, and they only marketed to the points community that understood how to maximize rewards by spending exclusively on multiplier categories, I’m not surprised. Are you?
…and my account was also closed
Next is Bilt
Did you cash out on the iphone app? Doesnt seem possible on the android app
I was approved for the card 3 months ago, and shut down today. In that time, I spent $3,476 with my Mesa card, and received points that I redeemed for $441.49 ($200 in Amazon gift cards, $60 in Lowe’s credits, $65 Costco membership, $99 Instacart+, and $17.49 statement credit with my last points after the shutdown). That’s a 12.7% rebate on spend. Gee, I wonder why they went out of business. Oh well, it was fun while it lasted.
@Mark Bilt is profitable already.
Well, the points per $ is similar to the Citi Sears Thank You Card.
Someone at DoC found a way to transfer points to partners instead of cashing out. This trick probably won’t last long.
@mark — I’ve been BILT-doomsdaying for a while now, because, like Mesa, it seems too-good-to-be-true, regardless of @Mike’s claims of profitability. Like, as soon as Wells officially exits, that’s it; Cardless is not a big enough backer to fill the gap, and is also known for no-notice, automatic shutdowns, like what just happened to Mesa. Since we supposedly voted for ‘bootstraps’ and ‘rugpulls’ and ‘insider trading’… I doubt there’ll be any ‘bailout’ for silly things like credit card programs and corporate pseudo-currencies, especially when we’ve failed to regulate these things for so long. It’s been nice, but, please, do not hoard points, earn and burn. And, also, keep some spare checks ready for when you have to pay rent, mortgage the old-fashioned way.
Lol so you’re constant pushing of this card for referral bonuses didn’t pay off?
can’t even use points for credit now. not showing up
Anyone else never have their Mesa card reported to the credit bureaus? This maybe a sign of other shady things happening?
Can you still cash out? I do not see any option right now. Please advise.
Any thoughts on if there is anything I can do. My daughter had a flight home from MN to TX for Wednesday booked with points and just got an email saying the booking had been cancelled.
I suspect the answer is suck it up and book another ticket by other means.
Regarding BILT comments. The man who made Amex into a powerhouse is BILTs main advisor Kenneth Chenault. Starting January it looks like BILT is transforming into a normal creditor with “tiers” like most card companies have. Look for the coupon book as well.
Regarding Mesa well there deal sounded way to go to be true and apparently it was. Similar to US Banks 4% on everything then pulling the rug out once people were roped in.
The ability to cash out just came back up. While not a great value, I just cashed out 312,000 points.