- play on 1 character and turn the daily bounties immediately in after completion
- get the daily bounties each day on your other characters
- turn the weekly bounties in during the weekend on your main character till you are rank 5
- play on your other 2 characters and turn the bounties in at the same time once you have completed all of them, in this way a daily bounty is worth ~600 rep on your other characters.
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I do this, somewhat better in my opinion