Mesa Will Automatically Redeem Remaining Rewards for Statement Credit
Mesa has updated its website with more information. For those who are not familiar with Mesa, this was a credit card that was giving out points for mortgage payments. It abruptly shut down a few days ago.
Now the website notes that if you have any remaining eligible rewards points they will be automatically applied as a statement credit. That’s only a value of 0.6 cents per point, but it’s still something for those who were not able to transfer their points to a travel partner.
To ensure all cardholders receive the full value for their accrued rewards, we will be applying all remaining eligible rewards points as a statement credit that will automatically be applied to your account.
1. No Action Required: You do not need to log in to the rewards dashboard or contact us to redeem your rewards.
2. The value of your rewards will appear as a credit of $0.006 per point on your billing statement.
3. We expect this credit to appear within 7-10 business days. All cardholder and member benefits associated with the Mesa program have been cancelled.
Mesa also says that any credit balance on the account, including credits resulting from payments, overpayments, returns, refunds, or adjustments, will be applied to your account and will reduce your outstanding principal balance. If the total credit balance exceeds the amount owed, they will refund the excess to you in accordance with applicable law and within the required timeframes.
