For Chicago-area residents, ComEd is the primary electric utility provider. Paying your monthly ComEd bill is essential to keep your lights on and avoid service interruptions. But can you use a credit card to pay your ComEd electricity bill? Let’s take an in-depth look at paying Comed with a credit card.
Overview of Paying Comed Bills
Comed offers various ways to pay your monthly electric bill, including:
- Online payments
- Phone payments
- Mail-in payments
- Automatic bank withdrawals
- In-person payments
Online and phone payments allow the use of credit cards and debit cards. However, there are some important factors to consider when paying by credit card.
Accepted Credit Cards for Comed Payments
If paying your Comed bill online or by phone you can use any major credit card including
- Visa
- Mastercard
- American Express
- Discover
Comed also accepts virtual wallet and digital wallet services like Apple Pay, Google Pay, and Samsung Pay.
Debit cards affiliated with Visa, Mastercard, Discover, and credit unions are also accepted
Steps to Pay Your Comed Bill by Credit Card
Paying your Comed bill by credit card online is quick and easy:
- Go to Comed.com and click on “My Account”
- Login to your online account
- Select “Make a Payment”
- Choose the credit card payment option
- Enter your credit card number, expiration date, and CVV security code
- Review payment details and submit
You will receive a payment confirmation email from Comed. Your account will reflect the payment within 1-2 business days.
Credit Card Payment Fees and Charges
In the past, Comed used to charge convenience fees for credit card payments. However, as of January 2021, Comed no longer charges fees for credit/debit card or e-check payments. This makes paying by credit card a fee-free option.
While Comed doesn’t charge a fee, your credit card company may charge:
- Interest charges
- Cash advance fees
- Over-limit fees if over credit limit
To avoid fees, pay your balance in full each month.
Credit Card Payment Benefits
Paying your Comed bill by credit card offers several benefits:
-
Convenience – Make payments 24/7 online or by phone
-
Rewards – Rack up credit card rewards points or cash back
-
Buy now, pay later – Delay payment until your credit card due date
-
Building credit – Responsible use strengthens your credit score
-
Protection – Credit cards provide extra security and fraud protection
Credit Card Payment Considerations
However, some factors to keep in mind when paying Comed by credit card:
-
Ensure you pay the bill before the due date to avoid late fees.
-
Monitor your credit limit to avoid exceeding it.
-
Your credit card’s high interest rates can accumulate if not paying the full balance monthly.
-
Automatic payments could lead to overpayment if your credit limit is reached.
Overall, paying your Comed bill by credit card is a convenient, rewards-earning option. Just be sure to use credit responsibly, monitor account activity, and pay on time and in full each month. Contact Comed or your credit card company with any questions.
Other Ways to Pay Your Comed Bill
If you prefer not to use a credit card, Comed offers alternative bill payment options:
-
Auto-debit from bank account – Free, automatic monthly payments
-
Online banking – Use your bank’s online bill pay services
-
Check – Mail a check to Comed each month
-
Money order – Purchase a money order and mail to Comed
-
In person – Visit an authorized payment location with cash, check or money order
Choose the payment method that best matches your needs and financial situation each month.
Is Paying by Credit Card Right for You?
Here are some key questions to ask yourself when deciding if paying your Comed bill by credit card makes sense:
-
Will I remember to pay the credit card bill on time to avoid late fees?
-
Do I typically pay my full credit card balance each month?
-
Is my credit limit high enough to cover the Comed payment amount?
-
Am I earning rewards with this credit card that offset any potential fees?
-
Will I monitor my account regularly to avoid overpayment situations?
If you can responsibly manage payments, a credit card is a viable option. Otherwise, consider auto-debit or online banking payments to ensure on-time payments.
Commonwealth Edison Company Bill Payment
The Commonwealth Edison Company is the largest electric utility in Illinois and is a subsidiary of the Chicago-based Exelon Corporation. The Exelon company has over 10 million electricity and natural gas customers. ComEd has more than 4 million customers in northern Illinois, and their service territory is between Iroquois County, the Wisconsin border, Iowa border, and the Indiana border. Hereâs how ComEdâs payment system works, along with everything you need to know about their electric rates.byAmanda SmithPosted December 11, 20228m Read
Arbor is a free service that lowers your ComEd rate with no changes to your billing or service.
How to Lower Your ComEd Bill
All ComEd customers are free to choose their retail electric suppliers. You can compare the rates and plans offered by certified RESs with the Price to Compare and make an informed decision. You can find the RES list here.
To make your life easier, you can use Arborâs free TrueRate Protection to check if youâre getting the best rate against the Price to Compare.
Arbor scans the market and gives you the best rates you can get in your service area with ComEd. When your term is expiring, Arbor finds the best rate and switches you again. You always pay the best rate and never have to worry about overpaying for electricity ever again.
You can use the free savings calculator to find out how much you could save in each case. Electricity payments can be complicated, thats why a lot of people trust Arbor to manage their electricity service, so they end up saving on their energy bills.
To reduce your bill further, you can opt for energy efficiency programs that offer rebates and discounts as incentives. You can learn more about ways to save here.
To set up your ComEd account, you need to register on ComEdâs website.
Follow these steps to set up your new account.
- Go to this link to start the registration process.
- Choose what kind of account you have. For a residential and business account, go here directly.
- Enter your primary phone number thatâs associated with your account, along with the last four digits of your Social Security Number (SSN).
- Start entering your information, such as your full name, email address, password, and security questions, among other things.
- Verify the information and link your ComEd account.
- You will receive an email confirmation for the account creation shortly after.
You can log in using your email here.
ComEd – My Account
FAQ
Can I pay electric bill using credit card?
What bills Cannot be paid with a credit card?
Is there a way to pay a bill with a credit card?
How can I make a payment on ComEd?
To make a payment on ComEd, you can sign in to your ComEd .com My Account and go to the My Bill & Usage category under the My Account section. Alternatively, call us at 1-800-588-9477 to make a payment with a credit card, debit card, or your bank account. Business customers should call 1-877-426-6331. Payments can also be made by mail.
Will ComEd charge additional fees if I pay by credit or debit card?
Life just got a little bit easier. As of 9/15/2021, additional fees will no longer be assessed by ComEd on payments made by credit and debit card. Any fees that may appear as we implement this change will be refunded and appear on your ComEd bill in 4-6 weeks. No action is needed from you.
Does ComEd charge a convenience fee?
PSA: ComEd and Nicor will no longer charge a convenience fee when paying via credit card. Life just got a little bit easier. As of 9/15/2021, additional fees will no longer be assessed by ComEd on payments made by credit and debit card. Any fees that may appear as we implement this change will be refunded and appear on your ComEd bill in 4-6 weeks.
How is ComEd a good for a payment plan?
ComEd is known to be good about payment plans. However, if a customer defaults on a payment plan, they may not be eligible to rejoin the program, even if they never received a bill. If you call and inquire, a representative may inform you that a bill was sent out.
How long do I have to pay my ComEd Bill?
DUE DATE. You have 21 days to pay the bill you receive each month. If you pay by mail, please allow one week to ensure your payment is delivered to ComEd before the due date. A charge will be assessed for checks that are returned for any reason. NSF fees applicable for your fnancial institution may also apply.
How do I pay my energy bill with ComEd?
ComEd offers several billing and payment options to help customers manage their energy bills. To get started, log in to ComEd.com/MyAccount or call ComEd at 1-800-334-7661, Monday through Friday, 7 a.m. – 7 p.m.