Mesa partners with Lowe’s to offer cardmember credits

AUSTIN – Mesa, a homeowner membership platform, has announced a new partnership with Lowe’s Companies, Inc., aiming to provide Mesa Homeowners Card members with up to $120 in annual statement credits. This collaboration integrates Mesa’s card benefits with the MyLowe’s Rewards loyalty program, allowing cardmembers to earn credits for purchases made at Lowe’s stores and online.

Kelley Halpin, Co-founder and CEO of Mesa, emphasized the initiative’s alignment with their mission to make homeownership more affordable. The benefit is designed to support members in managing home improvement expenses, which can be a significant investment.

Cardmembers can earn these statement credits by linking their Mesa card to a MyLowe’s Rewards account and shopping at Lowe’s. The offer is structured to provide a maximum of $30 in credits per quarter, totaling up to $120 within the first 12 months.

The Mesa Homeowners Card also allows members to accumulate Mesa Points on mortgage payments and other home-related purchases, without an annual membership fee. Additional homeowner-focused benefits and rewards include memberships with big-box retailers, home maintenance credits, and pet care credits.

Mesa’s suite of offerings is part of the company’s broader mission to return real value to American homeowners, who have spent an estimated $827 billion on home improvement projects over the past two years.

Lowe’s, a Fortune 50 home improvement company, operates over 1,700 stores across the United States and generated over $86 billion in sales for the fiscal year 2023. According to InvestingPro data, the company maintains strong financial health with $83.67 billion in revenue over the last twelve months and has raised its dividend for an impressive 41 consecutive years. Currently trading at $234.01, analysis from InvestingPro suggests the stock is trading above its Fair Value. The company is known for its commitment to community support and skilled trade development.Want deeper insights? InvestingPro offers extensive analysis and 7 additional ProTips for Lowe’s, along with comprehensive financial metrics and expert research reports.

The Mesa Homeowners Visa Cards are issued by Celtic Bank and powered by Highnote, subject to credit approval. For more details on the terms and conditions of the Mesa and Lowe’s partnership, cardholders can visit the Mesa website.

This new benefit is based on a press release statement from Mesa and reflects the company’s efforts to expand its value proposition for homeowners in the United States.

In other recent news, Lowe’s Companies, Inc. has declared a quarterly cash dividend of $1.15 per share, set to be paid in early May 2025. This announcement aligns with Lowe’s consistent financial strategy of returning value to shareholders. RBC Capital Markets has adjusted its outlook for Lowe’s, lowering the price target to $285 while maintaining a Sector Perform rating. This revision follows Lowe’s fourth-quarter results and guidance that met expectations, with weather cited as a factor affecting first-quarter guidance. Piper Sandler also revised Lowe’s price target, reducing it from $307 to $296, but maintained an Overweight rating, citing Lowe’s solid growth trajectory and strategic investments.

Cowen analysts have maintained a Hold rating for Lowe’s with a $270 price target, noting the company’s strong fourth-quarter performance and potential growth in the professional contractor segment. Meanwhile, DA Davidson has kept a Neutral rating on Lowe’s, highlighting the retailer’s positive comparable store sales for the first time since the third quarter of 2023. This improvement is seen amidst positive trends in the housing market, such as increased mortgage refinancing and existing home sales. Lowe’s strategic initiatives and market positioning continue to be areas of focus for analysts as they assess the company’s long-term performance potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.