The redox reaction between dicyanobis(bipyridine)iron(III) and iodide ion follows first-order kinetics in 10% (v/v) tertiary butyl alcohol-water. The reaction was found first and zero order in iodide and dicyanobis(bipyridine)iron(III), respectively, at 0.06 M ionic strength and 293 ± 1 K. The thermodynamic parameters of activation such as E A (16.07 kJ mol −1), A (1 × 10 −4 M s −1), ΔH # (13.6 kJ mol −1), ΔS # (−329.81 J K −1 mol −1), and ΔG # (90.1 kJ mol −1) were determined. The effect of the ionic strength on the rate constant leads to recognizing the stabilization or destabilization of the transition state complex that forms during the rate-determining step of the reaction. The value of the zero-order rate constant was decreased with increasing ionic strength that yielded a negative value of the slope in each binary and ternary solvent systems. This negative sign refers to the electron transfer between opposite charge carriers such as [Fe III (bpy) 2 (CN) 2 ] + and I − during the rate-determining step. The destabilization of the transition state complex is surfaced by the increasing slope, that is, 5 < 10 < 15% (v/v) tertiary butyl alcohol-water with a gradual decrease in the rate constant. However, its stability emerges by relatively small values of the slope in 17.5 < 25 ≤ 30% (v/v) tertiary butyl alcohol-water and 8:2:90 < 6:4:90% (v/v) dioxane: tertiary butyl alcohol: water with reasonably fast rate of reaction.