This article describes the recent development of photocatalytic reactions using a simple donor‐acceptor‐linked dyad, 9 ‐mesityl‐10‐methylacridinium ion (Acr
+
–Mes). The electron‐transfer state of Acr
+
–Mes (Acr
·
–Mes
·+
), produced on visible light irradiation, acts as an efficient oxidant and reductant. The use of Acr
+
–Mes, which has an extremely long‐lived charge‐separated state, enables the construction of highly efficient photocatalytic systems such as oxygenation, bromination, and carbon‐carbon bond formation of aromatic compounds.