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.
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.
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