FAQs

If I haven’t answered your question here, feel free to email me at thenomad@creditcardnomad.com and I’ll get back to you as soon as I can.

1) Will my credit score go down?

A lot of people have written about this topic, but my experience has been this: In the four or so years that I’ve used credit cards to earn rewards, my credit score has increased from 715 to 800. The reason is that I always pay off my cards on time. Because each new card increases my credit limit, and I continue to pay off my card, my record looks consistently better and better, and therefore my score increases.

From anecdotes and experience, it seems that your credit score will drop in the short term, especially when canceling cards, but will go up in the long term. So, if you don’t expect to be purchasing a house or car in the short term (about one year or so), then credit card nomading is perfect for you. Be sure you check your credit score so you know where you stand.

2) What if I’m already in debt?

Then, this strategy is probably not for you. I don’t recommend that people already deeply in credit card debt attempt this method of using credit cards for two reasons:

  1. You probably won’t be approved for the cards anyway.
  2. You might overspend and go even deeper into debt.

If you already have responsible spending habits, and your credit history is decently long, then you’re a perfect candidate for this method.

3) Do I need to sign up for the rewards program before signing up for the credit card?

No, the company will usually create a rewards number for you if you are a first-time applicant. But, if you are applying for say, three AAdvantage cards, you may want to create the account first, and use the same number for each card. Otherwise, they may create 3 different accounts for you.

4) What if I don’t live in the United States? Can I still get the credit cards or join the rewards programs??

It will be very difficult to get most of these credit cards if you’re not an American citizen, as they require social security numbers. Rewards programs will be a bit easier to join, but you’ll need an address located within the United States. If you have friends or relatives that live in the US, consider asking them to borrow their address and receive any mail you might get related to the rewards program. Remember, you don’t need to spend with the card in the US, and many of the cards of have no foreign transaction fees. Check offers and program rules carefully for details.

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