Originally Posted by
36902BRF
It is totally possible to liquidate 10k in an hour. Just because you cannot doesn't mean it is not possible.
What's with the reading comprehension people? I didn't say i takes over an hour and my posts clearly back that up. If you read earlier, you would see I said it can take up to 2 minutes a money order, therefore should take less than 20 minutes for $10k. If you're going to flame, get you facts straight first.
Originally Posted by
horseymen
I was referring to 90 minutes a day. $81 (someone else's calculation) an hour is more than I make in my day job....
Oh wow, I assumed you wouldn't be doing this if it took you 90 minutes a day. Usually people on here leave off the drive time and gas expenditure in their calculations. If the CSRs knew you by name, I could see it taking only 3 minutes a pop, thus the 90 minutes in a month at only Simon. The CSR told me the reason you were doing it. I have to say congrats to you on meeting your goal. ^ Might as well continue hitting hard as the rest is gravy.
Originally Posted by
hamokmonky
Its not that $81 an hour (my calculation) isnt a good earning. It certainly is. But, given that there is a limit to a lot of things in MS, it makes more sense to go after the bigger opportunities first. 10K every day on a 2% card presents a lot of problems....
I agree as that's what I've been saying. The net is only 1.1% after Simon fees and that doesn't take into account gas and time which lowers that $81/hour. If this person wishes to keep doing this, they should consider bringing one of the other card members with them to get $20k/pop and/or traveling to multiple Simon's in one day. That would substantially increase efficiency. As for the problems, I guess Citi hasn't had an issue with this yet as the user is spreading it over 3+ cards which is good. I guess a lot also depends on the CLs which we don't know.