Good morning everyone, I hope your weekend is going well. Last month, Doctor of Credit wrote a post about Arcadia Power stating that you could use this service to pay your electricity bill with a credit card and not be charged a fee. I have been paying a $1.35 fee per payment to PG&E (Pacific Gas & Electric) for the last few years, so I was immediately interested. For the last few years, I have been using my US Bank Cash+ Credit Card to earn 5% cash back on utility bills (as far as I know, Chase Ink Business credit cards do not earn 5x on electrical utilities bills, just phone / internet / TV utility bills). With the $1.35 fee per payment, as long as my payment to PG&E was greater than $27 ($27 x 5% = $1.35), I would come out ahead. If I could continue earning 5% with my US Bank Cash+ Credit Card to pay my PG&E bill and avoid the $1.35 fee, I would definitely use Arcadia Power. I am happy to state that that is exactly what happened with my recent PG&E payment via Arcadia Power. If you are not an Arcadia Power member, please use my referral link to create a free account. Thank you!
I received this email from Arcadia Power on January 5. In the email, it says I saved $15 (my Arcadia Power first payment bonus) and owe $105.88. My card on file (US Bank Cash+ Credit Card) would be charged on January 8. I didn’t need to do anything else.
I logged into my Arcadia Power account and went to the Bill Pay section. I clicked the PDF button to download my recent Arcadia Power statement.
My Arcadia Power statement shows the $15 first payment bonus and the remaining balance of $105.88.
On January 8, the $105.88 charge from Arcadia Power went through on my US Bank Cash+ Credit Card. A few days later, the charge posted to my credit card account.
I then logged into my PG&E account to confirm that the payment was successfully received by PG&E – it was! In the payment section, it shows the $120.88 payment from Arcadia Power as a “BanktoBank Payment”.
I then logged into my US Bank online account to view the 2 most recent charges (PG&E on December 6 and Arcadia Power on January 9).
I wanted to compare the payment directly to PG&E (left) and the payment processed by Arcadia Power (right). Both transactions have the same merchant category (MCC), so I am very confident that the payment processed by Arcadia Power will earn 5% cash back.
I am very impressed by Arcadia Power and how they work. Their main mission is to inform consumers that they should switch to renewable (more expensive) forms of electricity, but I have not made any changes to the forms of electricity I use. If you have any questions about Arcadia Power, please leave a comment below. Have a great day everyone!
P.S. If you are not an Arcadia Power member, please use my referral link to create a free account. Thank you!