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Product Management Improvement Question: NerdWallet credit card comparison tool user experience enhancement
Image of author vinay

Vinay

Updated Nov 19, 2024

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How can we make NerdWallet's credit card comparison tool more user-friendly?

Product Improvement Medium Member-only
User Experience Design Feature Prioritization Metrics Analysis FinTech Personal Finance Credit Services
User Experience Product Improvement FinTech Credit Cards Comparison Tools

Introduction

To improve NerdWallet's credit card comparison tool and make it more user-friendly, we need to analyze the current user experience, identify pain points, and develop targeted solutions. I'll approach this challenge by examining user segments, analyzing pain points, generating solutions, and proposing metrics to measure success.

Step 1

Clarifying Questions (5 mins)

  • Looking at the product context, I'm thinking about the primary use cases for NerdWallet's credit card comparison tool. Could you share more about the main scenarios in which users typically engage with this tool?

Why it matters: Understanding use cases helps prioritize features and improvements. Expected answer: Users compare credit cards for cash back, travel rewards, and balance transfers. Impact on approach: Would focus on optimizing comparison features for these specific use cases.

  • Considering user behavior, I'm curious about cross-platform usage patterns. How do users typically interact with the tool across desktop and mobile devices?

Why it matters: Determines if we need to focus on specific platform improvements. Expected answer: 60% mobile, 40% desktop usage, with mobile users often starting searches but completing applications on desktop. Impact on approach: Would prioritize mobile experience while ensuring seamless transition to desktop.

  • Thinking about the product lifecycle, where does the credit card comparison tool stand in terms of maturity and market penetration?

Why it matters: Helps determine if we should focus on growth, optimization, or innovation. Expected answer: Mature product with significant market share, but facing increased competition. Impact on approach: Would focus on differentiation and advanced features to maintain market leadership.

  • Regarding company alignment, what are the key business objectives driving this improvement initiative for the credit card comparison tool?

Why it matters: Ensures our improvements align with overall company goals. Expected answer: Increase user engagement, improve conversion rates, and expand partnerships with credit card issuers. Impact on approach: Would prioritize solutions that directly impact these metrics.

Tip

At this point, you can ask interviewer to take a 1-minute break to organize your thoughts before diving into the next step.

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