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I'll tell you guys the same thing i told JG. That sounds like work (a job) to me; keeping up with all of that, and tracking it. Of course you should be paid for it!
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Good point. Any idea on what the effective hourly income is?
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I figure 2 hours tops to apply for a single card, activate it, make a purchase if necessary, enter it into the credit card company's web interface, enter it into my spreadsheet, request a balance transfer check, deposit the check at the bank, roll the amount to Vanguard, and perform quarterly accounting tasks.
Then I figure 5 minutes per month to pay the CC bill online, enter it into my checkbook, etc. That is 1 hour per year.
I generally figure I'll make ~$300-400 per credit card depending on the terms, free cash/gift cards and credit limit.
I'm making about $100/hr at least. Yeah it's work, but pretty easy given the pay. It isn't any harder than paying my regular bills and entering them into the checkbook. It's also something I can do while watching tv or sitting on hold with some P.O.S. customer service rep.
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