{"id":10737,"date":"2024-11-27T04:00:00","date_gmt":"2024-11-27T11:00:00","guid":{"rendered":"https:\/\/milesearnandburn.com\/?p=10737"},"modified":"2024-11-26T23:56:01","modified_gmt":"2024-11-27T06:56:01","slug":"mesa-a-pending-launch-for-insiders-from-an-outsider","status":"publish","type":"post","link":"https:\/\/milesearnandburn.com\/index.php\/2024\/11\/27\/mesa-a-pending-launch-for-insiders-from-an-outsider\/","title":{"rendered":"Mesa: A Pending Launch for Insiders, from an Outsider"},"content":{"rendered":"\n<p>About two weeks ago, several popular travel bloggers dropped hints about visiting a corporate sponsored affiliate meeting from a company named <a href=\"https:\/\/www.mesamember.com\">Mesa<\/a>. Since then I&#8217;ve been expecting a deluge of articles about their <a href=\"https:\/\/www.mesamember.com\">newly launched card<\/a>, but for the most part nothing has appeared. Why? I assume news is embargoed until Mesa says it&#8217;s ok to write about it, preferring to soft-launch in relative quiet with a waitlist and then go big at just the right time\u2122. On the other hand though, you know <a href=\"https:\/\/www.reddit.com\/r\/unpopularopinion\/comments\/xvpzko\/when_you_assume_you_make_an_ass_out_of_u_and_me\/\">what they say about assuming<\/a>.<\/p>\n\n\n\n<p>Anyhoodles, since I&#8217;m under no embargo and I guess I don&#8217;t care about soft versus full launch, let&#8217;s discuss the rewards system and the waitlist credit card in a no-quid-pro-quo kind of way. It&#8217;s a lot like Bilt in that there&#8217;s a way to earn points whether or not you have the card, but you can earn more with the card. It&#8217;s unlike Bilt in that <a href=\"https:\/\/milesearnandburn.com\/index.php\/2024\/06\/25\/tuesday-interlude-reading-between-the-lines\/\">its VP isn&#8217;t telling people how to game their own company<\/a>, or seemingly <a href=\"https:\/\/newsroom.biltrewards.com\/bilt-rewards-launches-industry-first-program-to-earn-points-on-home-purchases\">lying about being an industry-first program to launch earning on mortgages<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Earning<\/h4>\n\n\n\n<p>Whether or not you get the card, you&#8217;ll earn a point for each dollar when you originate a new primary loan or a refinance an existing primary loan, as long as you use a &#8220;The Mesa Mortgage Marketplace Lender&#8221;, which I guess we&#8217;ll abbreviate as TMMML because reasons. You can do that up to five times per account too.<\/p>\n\n\n\n<p>But, how good are those TMMMLs? Well, when I put in my address, I got a single option: <a href=\"https:\/\/www.swifthomeloans.com\">Swift Home Loans Inc<\/a> which is apparently a mortgage broker based out of Birmingham; but not that Birmingham, it&#8217;s the Michigan one. So I guess there&#8217;s exactly one TMMML (at least for my state) and they&#8217;re rated <a href=\"https:\/\/www.facebook.com\/swifthomeloans\/\">2.8 out of 5 on Facebook<\/a>. I dialed their main contact number to ask about which banks they work with and what sorts of mortgages they can handle, but it just rang for a good minute so I hung up. Looking pretty great guys!<\/p>\n\n\n\n<p>How about the credit card? It&#8217;s a Visa issued by Celtic bank and carries no-annual fee. The earning structure:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>3x on HOA fees, contractors, homeowners insurance, property taxes, home decor, and other &#8220;home-related&#8221; charges<\/li>\n\n\n\n<li>2x on gas, groceries, EV charging, and utilities<\/li>\n\n\n\n<li>1x on a linked mortgage, but only on up to $100,000 in mortgage payments annually<\/li>\n\n\n\n<li>0x on other spend, as far as I can tell<\/li>\n\n\n\n<li>Free Sam&#8217;s Club membership<\/li>\n<\/ul>\n\n\n\n<p>Like with Bilt and rent, you don&#8217;t need to put your mortgage payment on a card to earn points on mortgage payments.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Burning<\/h4>\n\n\n\n<p>There are two options for redeeming Mesa points: booking travel through their portal, and gift cards. The cash value of each, based on my sampled searching:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Travel: 1.0 cents per point, but also a fixed 400 point extra surcharge per flight<\/li>\n\n\n\n<li>Gift cards: 0.7 cents per point<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Everything Else<\/h4>\n\n\n\n<p>Here&#8217;s how I&#8217;d look at this card, considering that if you&#8217;re booking travel through a portal you&#8217;re not going to use Mesa because Chase and AmEx have much better value propositions:<\/p>\n\n\n\n<p>Gift card options include popular bulk brands like BestBuy and Apple, and assuming a resale rate of 93%, that means you can cash-out your points through gift cards at 0.65 cents per point \ud83e\udd0f. So:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You earn 0.65-0.70% back on mortgage payments just by holding the card<\/li>\n\n\n\n<li>You get a 0.65-0.70% rebate on new mortgages, but those are probably baked into the fees of the one member of the TMMML<\/li>\n\n\n\n<li>You&#8217;ll do better for other spend, manufactured or real, with other credit cards.<\/li>\n<\/ul>\n\n\n\n<p>Finally, I extracted the full terms and conditions of the rewards program from the mobile app in case you&#8217;re curious, <a href=\"https:\/\/www.mesamember.com\/legal\/mesa-membership-terms-and-conditions\">and it&#8217;s just this webpage<\/a>.<\/p>\n\n\n\n<p>tl;dr: It&#8217;s ok I guess, but you can probably skip the <s>dozens<\/s> <s>hundreds<\/s> thousands of affiliate articles when they come out in (probably) the next couple of weeks.<\/p>\n\n\n\n<p>Happy Wednesday!<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"340\" height=\"270\" src=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2024\/11\/yez9iza1eyq51.jpg.webp\" alt=\"\" class=\"wp-image-10738\" srcset=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2024\/11\/yez9iza1eyq51.jpg.webp 340w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2024\/11\/yez9iza1eyq51.jpg-300x238.webp 300w\" sizes=\"auto, (max-width: 340px) 100vw, 340px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\" style=\"font-size:14px\">Kick-off party for current members of TMMML.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About two weeks ago, several popular travel bloggers dropped hints about visiting a corporate sponsored affiliate meeting from a company named Mesa. Since then I&#8217;ve<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[54,10],"tags":[],"class_list":["post-10737","post","type-post","status-publish","format-standard","hentry","category-credit-cards","category-whomp-whomp"],"_links":{"self":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/10737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/comments?post=10737"}],"version-history":[{"count":6,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/10737\/revisions"}],"predecessor-version":[{"id":10746,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/10737\/revisions\/10746"}],"wp:attachment":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/media?parent=10737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/categories?post=10737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/tags?post=10737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}