I got an email the other day offering bonus miles for changing your energy provider to NRG. The deal is for 12,500 American Airlines AAdvantage miles for switching.
We’ve had some similar offers previously –
- 10,000 Amtrak points
- 10,000 American AAdvantage miles
- 12,500 Southwest Rapid Rewards for switching energy providers
- 12,500 American AAdvantage miles
- 10,000 American AAdvantage miles
- 10,000 Southwest Rapid Rewards points to switch energy provider
- 12,500 Southwest or 15,000 Amtrak points for switching energy providers
NRG is apparently only active in the following states: Illinois, Massachusetts, Maryland, New Jersey, Ohio, and Pennsylvania
American NRG Offer details
You can sign up online or you can call in (1-855-500-8703). Mention offer code AAL-7811-047 to get 12,500 points for signing up (make sure you confirm that if you call in). You get 10,000 for signing up for the electric, and an additional 2,500 for signing up for gas service
American NRG fine print
- Enrollment Bonus: After you complete 2 months of active service, you’ll earn 10,000 AAdvantage® bonus miles for each electric account you enroll,
- and 2,500 AAdvantage® bonus miles for adding a gas account to your enrollment.
- Ongoing Rewards: You will earn 2 AAdvantage® miles for every $1 spent on the supply portion of your monthly electric and natural gas bills. Please note: Active accounts are defined as those (i) that are billing more than $0 and (ii) for which we have not received a request to discontinue service or change programs. Rewards Program Terms are contained in your Welcome Email/Letter.
Of course… there is a catch
I have switched my electric and gas providers around every couple of months for a couple of years now, and I definitely think that it is not for the faint of heart. You REALLY need to be on top of things. Note in the “features” above the part where it talks about the “flexible month-to-month plan”. This is code for “the time where NRG screws you over”. When “your ongoing electric supply price will be variable and can change each month“, that is not a good thing for you.
I usually sign up for 3-6 month fixed rates, taking whichever company offers the lowest price and/or best promotion. Then I set myself a reminder to make sure and update my account when the time frame is up. A month or two on the “variable” plan will quickly eat up any savings you have.
I am currently not eligible because I am ALREADY an NRG customer (having swapped to get the AAdvantage miles a few months ago), but plan to swap off of it once my promotional rate has expired
What about you? Have you ever swapped your gas or electric providers for a promotion? What was your experience like? Is this an intriguing offer? Let us know in the comments.
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The carriers offering the promos also have the worst rates/kwh. With a min $100 bill, paying .06- .09 will always be the better deal than those promo plans.
Check your potential”savings” vs the value of the AA miles.
Yes – very important to do
United offers similar deal with 10,000 miles or 12,500 for card holders. Delta as well. So lots of choices where to “credit”.
Surprised they don’t have early termination fees that nail you if you jump too early. Also some power companies, like duke, have started charging provider change fees of $10 which also means your overall savings can be lower. I typically shoot for low rates with longer terms(6 mo to 1 yr) whenever possible but I haven’t found many sign ups bonuses yet in Cincinnati, OH / Duke country anyway. Where do you go to find these sign up bonus promos exactly?