topic Re: Mesa Mortgage Credit Card in Credit Cards

Mesa Mortgage Credit Card

cashorcharge — Sat, 24 May 2025 20:29:44 GMT

I had not heard of this card until today. There's a few hoops you need to jump through to earn meaningful rewards and it also states you don't need to pay your mortgage with the card to earn the rewards either...which seems a bit odd...apparently they "take your word" on your mortgage payment each month and then rewards you.

Curious if anyone has applied...

https://www.mesamember.com/card

Re: Mesa Mortgage Credit Card

xenon3030 — Sat, 24 May 2025 22:15:14 GMT

Like the WF Bilt credit card, it would be a net loss for the provider. Not sure how on earth they expect that the users would not do PIF to able to collect interest from the users. The only scenario that a user might consider avoid PIF would be a 0% APR or very low APR offer in the first year, having a large CL of e.g. 40k while paying a mortage of 5k for a few months and making sure that the utilization ratio would not reach 30% to avoid tanking the Fico score.

Another issue is that a missed mortgage payment can have severe consequences and not sure how many users can risk using a credit card for mortgage. I guess, the bank would need a strong user agreement, to avoid taking any responsibility for technical issues that may result foreclosures.

Re: Mesa Mortgage Credit Card

ptatohed — Sun, 25 May 2025 00:36:54 GMT

Very interesting. Thanks for sharing. Is a "Mesa Point" worth 1c when redeeming for statement credit?

That seems so strange that they will give you 1 point per dollar spent on your mortgage, based on your stated mortgage and not even paying your mortgage with their card.

Those annual credits are insane. I'm not sure I would use most of them other than maybe Lowe's but if one were to use each and every credit, how can Mesa afford to give out hundreds and hundreds of dolars in credits???

I'm thinking this one through......... 1% (assuming 1 point = 1c) on my $2k mortgage = $240/yr + at least the Lowe's credit of $120 = $360/yr + spending $1k per month at 1 - 3% for, maybe ~ $15/mo = $540/year. No bad.

Of course the Lowe's and $1,000 spend would have been at 4-5% instead of 1 - 3% so there is that. But, who knows, maybe I could find a use for another one or two more of those credits.

Very intriguing!

Re: Mesa Mortgage Credit Card

cashorcharge — Mon, 26 May 2025 01:41:02 GMT

@xenon3030 wrote:
Like the WF Bilt credit card, it would be a net loss for the provider. Not sure how on earth they expect that the users would not do PIF to able to collect interest from the users. The only scenario that a user might consider avoid PIF would be a 0% APR or very low APR offer in the first year, having a large CL of e.g. 40k while paying a mortage of 5k for a few months and making sure that the utilization ratio would not reach 30% to avoid tanking the Fico score.

Another issue is that a missed mortgage payment can have severe consequences and not sure how many users can risk using a credit card for mortgage. I guess, the bank would need a strong user agreement, to avoid taking any responsibility for technical issues that may result foreclosures.

Since most banks don't accept a CC for payments...I'm not sure how many people could actuall use the CC process the payment...unlike BILT who would mail a check for renters and I anticipate the that if/when BILT allows Mortgage Payments...it too would mail checks for them processed in their system. It doesn't appear that MESA has that option.

Re: Mesa Mortgage Credit Card

cashorcharge — Mon, 26 May 2025 01:42:44 GMT

@ptatohed wrote:
Very interesting. Thanks for sharing. Is a "Mesa Point" worth 1c when redeeming for statement credit?

That seems so strange that they will give you 1 point per dollar spent on your mortgage, based on your stated mortgage and not even paying your mortgage with their card.

Those annual credits are insane. I'm not sure I would use most of them other than maybe Lowe's but if one were to use each and every credit, how can Mesa afford to give out hundreds and hundreds of dolars in credits???

I'm thinking this one through......... 1% (assuming 1 point = 1c) on my $2k mortgage = $240/yr + at least the Lowe's credit of $120 = $360/yr + spending $1k per month at 1 - 3% for, maybe ~ $15/mo = $540/year. No bad.

Of course the Lowe's and $1,000 spend would have been at 4-5% instead of 1 - 3% so there is that. But, who knows, maybe I could find a use for another one or two more of those credits.

Very intriguing!

Right!?! Nice concept but I don't see how it would pencil out as beneficial compared to other options...and the whole "stated mortgage payment" feels too easy fudge the actual number....

Re: Mesa Mortgage Credit Card

AndySoCal — Mon, 26 May 2025 03:02:44 GMT

@ptatohed @cashorcharge The points for a mortgage are only given on a Mesa Mortgaage. Mesa Mortgage will be able to link the credit card to a Mesa mortgage. If you were to put a mortgage that is not a Mesa Mortgage on the card no points would be given. Also notice the answer to the 4th FAQ What if I do not pay mortage using the credit card.? implies you still get the points.

Re: Mesa Mortgage Credit Card

salt_water_swimming — Mon, 26 May 2025 06:41:30 GMT

They see your mortgage payment via a Plaid link to your bank account. It does not have to be a Mesa mortgage. You state your mortgage amount so they know which bank account transaction is the mortgage.

Re: Mesa Mortgage Credit Card

ptatohed — Mon, 26 May 2025 07:12:57 GMT

Thanks guys. I'm still a little confused. So a MesaPoint can only be redeemed against a Mesa mortgage, or.....?

Re: Mesa Mortgage Credit Card

trant3 — Mon, 26 May 2025 11:47:34 GMT

You do not need a Mesa Mortgage to get the points.

Re: Mesa Mortgage Credit Card

KatzNDawgs — Mon, 26 May 2025 15:44:19 GMT

Any mortgage it looks like, but you don't use the card to pay the mortgage. However, you need 1k monthly spend to get the mortgage points.

Re: Mesa Mortgage Credit Card

AndySoCal — Tue, 27 May 2025 04:06:12 GMT

Here is why I think it is only for Mesa Mortgages

https://www.mesamember.com/mortgage

The website is correct you do not have to pay mortgage the card. You enter the loan payment amount which they can link back to your mortgage. If it is for Morgages out Side of Mesa mortgage please direct me to where it clearly says that.

Re: Mesa Mortgage Credit Card

KatzNDawgs — Tue, 27 May 2025 19:42:58 GMT

@AndySoCal wrote:
Here is why I think it is only for Mesa Mortgages

https://www.mesamember.com/mortgage

The website is correct you do not have to pay mortgage the card. You enter the loan payment amount which they can link back to your mortgage. If it is for Morgages out Side of Mesa mortgage please direct me to where it clearly says that.

I would suggest calling them if you are concerned. The mortgage link looks like something totally different. For the card, none of the fine print specifies that it needs to be a mortgage from them. The dilemma of proving a negative.

Re: Mesa Mortgage Credit Card

portlandmusician — Tue, 27 May 2025 20:30:29 GMT

They don't "take your word" for your mortgage payment.

It can be any mortgage. BUT, the kicker nobody has talked about in this thread yet, is that you connect the bank account (from which you make mortgage payments) to the Mesa app. Mesa will recognize your payments as a mortgage paymennt and reward you accordingly. So, you will have to link your bank account to get the credit.

There is a catch. There is always a catch.

Re: Mesa Mortgage Credit Card

ptatohed — Tue, 27 May 2025 23:14:47 GMT

@portlandmusician wrote:
They don't "take your word" for your mortgage payment.

It can be any mortgage. BUT, the kicker nobody has talked about in this thread yet, is that you connect the bank account (from which you make mortgage payments) to the Mesa app. Mesa will recognize your payments as a mortgage paymennt and reward you accordingly. So, you will have to link your bank account to get the credit.

There is a catch. There is always a catch.

I still don't know what the reward is! I am still not clear what a MesaPoint is worth or how you redeem them.

Re: Mesa Mortgage Credit Card

AndySoCal — Wed, 28 May 2025 00:38:57 GMT

@ptatohed What I do not understand is why Mesa Mortgage would give you reward point on a mortgage that is NOT theirs. I can understand Mesa Mortgage customer that has already makes payments on an existing Mesa mortgage but does not want use the credit card for payment. Thos customer can the points by by defining mortgage payment that the customer is already making. See my previous post and link that is in it.

Someone why would a mortgage company credit card reward you with points for a mortgage that is not theirs? Show me where it says that.

Re: Mesa Mortgage Credit Card

trant3 — Wed, 28 May 2025 01:02:03 GMT

Because the benefits of this card revolves around being a "homeowner", not a mesa mortgage owner. I have the card, you don't need a mesa mortgage to get the points.

Re: Mesa Mortgage Credit Card

Kforce — Wed, 28 May 2025 01:05:29 GMT

@ptatohed wrote:
I still don't know what the reward is! I am still not clear what a MesaPoint is worth or how you redeem them.

@ptatohed can see the forest even with all the tree's.

@trant3 what are the points worth?, etc.

Re: Mesa Mortgage Credit Card

KatzNDawgs — Wed, 28 May 2025 01:39:02 GMT

@AndySoCal wrote:

Someone why would a mortgage company credit card reward you with points for a mortgage that is not theirs? Show me where it says that.

I'm guessing it's the 1k minimum spend/month requirement so they get swipe fees.

Re: Mesa Mortgage Credit Card

AndySoCal — Wed, 28 May 2025 03:40:02 GMT

@trant3 @The link below to me indicates it is for Mesa Mortgage loans it does not say any loan

https://www.mesamember.com/mortgage

The whole page is the context of Mesa Mortgage loan not a mortgage from some other lender. You may be to get points for Lowe's etc yes but not mortgages with other lenders

Re: Mesa Mortgage Credit Card

trant3 — Wed, 28 May 2025 16:59:55 GMT

@AndySoCal wrote:
@trant3 @The link below to me indicates it is for Mesa Mortgage loans it does not say any loan
https://www.mesamember.com/mortgage

The whole page is the context of Mesa Mortgage loan not a mortgage from some other lender. You may be to get points for Lowe's etc yes but not mortgages with other lenders

Thats a mesa mortgage link youre referencing, so of course its gonna be about their mortgage.

Im getting my Mesa points for mortgage payments without a Mesa mortgage, confirmed in the app.