Mobile UX Credit Card Competitive Benchmarking

Credit Card Competitive Benchmarking

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mobile ux credit card report

Credit Card Competitive Benchmarking

(Published Bi-Annual in February and August)

The Mobile Credit Card Competitive Analysis by our innovation arm, Key Lime Labs, summarizes these new, successful, and well-received features across the finance industry so that both the industry leaders and institutions, large and small, can make at-a-glance decisions. This analysis features key areas that drive user satisfaction and quickly identify areas of improvement to satisfy existing and prospective customers. KLI’s research experts highlight opportunities based on a rigorous independent evaluation and that ultimately identifies trends and opportunities that move the entire industry forward.

Mobile Credit Card Competitive Index Report


In this detailed report, Key Lime Interactive (KLI) reviews the competitive mobile landscape of nine (9) of the top US credit card issuers, and ultimately reveals which bank offers its users the best mobile solutions:

  • American Express
  • Bank of America
  • Chase (JP Morgan Chase)
  • Citibank (Citigroup)
  • Capital One
  • Discover
  • USAA
  • Wells Fargo & Company
  • U.S. Bank

This report goes far beyond a basic heuristic evaluation or expert review; KLI’s methodology is unique because it incorporates consumer preferences. An important part of our analysis is a 500-person survey of smartphone owners in which they are asked to weigh in and identify the features and capabilities that they consider critical for a successful experience with the mobile site or app offered by their credit card company. KLI’s intent in creating this third-party syndicated report is to:

    1. Provide consumer-driven data to help guide credit card issuers as they prioritize features to implement. This guidance will be based on the results of a current consumer survey.
    2. To summarize how credit card companies differentiate themselves from their competitors through the capabilities and features that they offer.

View Credit Card Competitive Index Overview: Credit Card Competitive Index Overview

Mobile UX Credit Card Methodology

To create an overall score, we combine a capabilities assessment with user feature importance ratings. The capabilities assessment is created by examining the feature coverage of credit card sites and applications. User ratings are determined by a consumer survey and card sort.

Our review of the primary mobile properties includes a full verification of the financial institutions’ capabilities. The unmodified score represents feature coverage or the bank’s offerings by category. This is a binary evaluation reflecting the possession of certain criteria.

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Capabilities and Features to be Assessed

  • Secure Log In Process
  • Fraud Protection & Security
  • Account Activity/History
  • Account Settings/Management
  • Bill Payment
  • Rewards
  • Customer Support
  • Social Media

View More Mobile UX Reports:

Home & Renters Insurance

This report goes far beyond a basic heuristic evaluation or expert review, KLI’s methodology is unique because it incorporates consumer preferences.

View Details

Mobile Banking Analysis

In this detailed report, KLI profiles the competitive mobile landscape of eight (8) of the top US retail banks, and ultimately reveals which bank offers its users the best mobile solutions.

Learn More

Mobile Auto Competitive Index

The evaluation includes a general discussion about what 8 of the largest companies are doing for their existing and prospective customers via mobile-optimized websites and apps (iOS and Android).

Access UX Mobile Auto Report

Cruise Competitive Index

Each year the benchmark will examine sites’ top problem areas from the previous year and any site redesigns/changes made subsequently, to answer the question: Have the sites made changes that have improved or worsened the user experience?

View Details

Brand Ratings

Curious who the top-ranking brands in your industry are? Here’s a sneak peek, but click below to request a full mobile UX competitive analysis:

1

Chase (JP Morgan Chase)

Mobile Web Score: XX%

2

Wells Fargo & Company

Mobile Web Score: XX%

3

U.S. Bank

Mobile Web Score: XX%

Analysis

Unbiased Third-party Mobile UX Research

The Competitive Intelligence you need to stay ahead of your competitors. Competitive Insights, an intuitive competitive intelligence software, incorporates consumer preferences of features and capabilities that they consider critical for a successful experience including:

 

  • A complete listing of overall rankings
  • A detailed scoring breakdown of all capabilities and features reviewed
  • Screenshots from behind the login screens of all competitors sites & apps
  • A comparative list of current mobile capabilities available on each mobile app
  • Detailed descriptions of how users can complete tasks on the mobile device
  • User feedback collected regarding feature preferences
  • Identifies key success factors, best-in-class features, areas for improvement, and why some companies are lagging behind
Ux highlights

Mobile UX Competitive Insights Platform

Best-in-class Mobile CX Comparisons

Gain insights into typical behaviors and context for the use of your product with year-over-year brand performance ratings across mobile web + mobile app across iOS and Android.

Play-by-Play Screenshot

Get full access to a library of screenshots of your competitor’s latest mobile designs indexed by feature, brand, and release date.

Dynamic Change Tracking Tables

See when top brands in your industry update, remove or add new mobile features.

Features Ranked By Consumers

View results from over 500 active consumers on the mobile features they value most in your industry.

Insights

Chart your course for a better customer experience today

See How your Mobile UX Compares to the Top Brands in your Vertical

Top 10

Locations

No Reservations? No Problem – Competitive Report Reveals Which Last-Minute Hotel App Ranks #1

by Jennifer Knodler

It’s been a few years now, but I recall distinctly when the transition to mobile in the travel industry happened. I was in the midst of traveling often for business and I said to Sidra Michon, Product Usability Manager at KAYAK, that I felt like I needed to sort hotels by “Free access to print your boarding pass”. She chuckled at how real my problem was. A few months later, Brian Sullivan, then at Sabre, suggested to me that I wouldn’t need anything but my phone (my shiny new iPhone, that was) in the coming months.

Then, it was a domino effect. I could book my flight, complete a purchase for my luggage, use my phone as a boarding pass, book a hotel, check in, aggregate my travel itinerary, order takeout to my hotel room, hail a cab, use Wi-Fi on the flight and in the airport, map my route, even if walking in NYC. I could dictate emails while in transit, listen to webinars via conferencing software, check the CRM system for updates, get notified about travel changes and delays. The single most powerful tool that I had available was my smartphone. I didn’t need a wallet, a computer or a pen.

Today’s travelers are exactly as Moxie describes: “Tethered, Tolerant and Talking vs. Mobile, Multitasking and Messaging”. They need to be reached in different ways. Dana Bishop, primary report analyst and Director of Quantitative Research, was awed by the mad scramble of traditional travel companies to throw their hat in the “last minute arena”, as she puts it. It seemed that this Mobile, Multitasking and Messaging culture wants instant, satisfying and simple, too.

As a result, the Competitive Report Division of KLI, run by Bishop, recently announced a new report in our Competitive Index portfolio that focuses on overall functionality and experiences offered by today’s last minute hotel booking apps. Titled Last-Minute Hotel Booking Mobile Competitive Index Report, KLI reviews sixteen (16) apps including those designed specifically for booking last-minute travel as well as the top OTAs in the U.S.

This is more than an industry standard travel technology survey. KLI asks users traditional questions about their current behavior to understand trends, but they push to learn about the innovation that consumers are buzzing about, what they expect to see next, what barriers to a perfect experience exist.

“With many players in direct competition to secure a place to rest your head while traveling, the indecision about which booking agent or OTA to use can be paralyzing to the user.” says Phillip McGuinness, report contributor. “As with all of our reports, we survey the target audience to see what they need and want in terms of features and capabilities first. Then, we take those desires into consideration when comparing and ranking the apps, giving more weight to consumer’s top priorities.”

Apps in this assessment include: Airbnb, BookingNow, Expedia, Hipmunk, HotelPlanner.com, Hotels.com, HotelTonight, Hotwire, Jetsetter, Last Minute Travel Deals, Orbitz, Priceline, Room 77, Stayful, Travelocity and TripAdvisor.

The review examines their iPhone and Android apps (where applicable) and ultimately ranks the apps, awarding top rank to those who most effectively meet the consumer’s self-defined need.

Buyers receive a detailed report that identifies the survey results and the associated ranking of the 16 apps. They also benefit from detailed best-in-class features including screen prints and expert analysis. Opportunities for improvement are discussed as well as a new trends and innovation section where new concepts such as the use of an app to open hotel room doors or a mobile chat feature to communicate with hotel staff are highlighted.

“Differentiation such as the ability to set style preferences, access customer reviews, set filters, as well as view saved search history and favorites become apparent. Better, the impact that these features have on the user experience or the ability to meet user preferences is identified.” states Bishop. “Organizations crave both a way keep pace with what consumers want as they build their roadmap while also tracking and scoring themselves against the competition; to have a baseline that they want to beat as they continue to evolve. This offers them just that.”

Read the full press release here.
To purchase the published report, please reach out to Key Lime Interactive for more information here.

New Director of Quantitative Research Leads Competitive Initiatives

KLI couldn’t be happier to welcome Dana Bishop to our team as our new Director of Quantitative Research. Dana has been working in the field of user research for 20 years and flaunts extensive experience with a variety of research methods. Above all, Dana has perfected the art and science of creating simple, yet highly-informative large-scale online user experience research studies. Her graceful orchestration of traditional scaled questions and directed tasks for users results in detailed feedback, thoughtful analysis and poignant evidence that informs design for clients far and wide.
Prior to joining Key Lime Interactive, Dana was lead researcher and manager of Keynote Systems’ Competitive Research group. While at Keynote, Dana led longitudinal quantitative research studies across numerous verticals and global markets for companies such as Carnival, Expedia, Travelocity, Wells Fargo, U.S. Bank, Yahoo!, and State Farm Insurance. Dana began her career in the 1990s in San Francisco where she spent 3 years at Charles Schwab & Co conducting a nationwide field study and weekly in-lab sessions with customers; as well as time spent running usability testing for edu-tainment software in school environments.
After just three short months as part of the KLI team, Dana’s expertise is in high-demand! Custom studies are exceeding client expectations and all the while, Dana and other Key Limers are preparing the following types of reports for incremental release:
KLI Competitive Research. Naturally, with the addition of Dana to the Key Lime team, we’ve both expanded and refined our competitive research. Dana is spearheading several existing and new reports that fall under the following categories:
Competitive Index:
Currently our Auto Insurance Competitive Index and our Mobile Banking Competitive Index are widely used by nearly all top players in their respective industries. For this research KLI runs a survey to deeply understand the perceptions, beliefs, needs and desires of users when using their mobile devices (both web and apps) in context of a given industry and then indexes and compares capabilities across major players; ultimately ranking them and revealing strengths and opportunities for the industry and individual companies to move ahead. Inquire about the purchase of either of these reports, or suggest an index for your industry…
Competitive Benchmark Studies
Additionally, KLI publishes annual Cruise Competitive Benchmark results in June each year. This is a task-based assessment of the leading cruise industry websites by users (a mix of first-time and experienced users). The study analyzes the user experience in trying to learn about the cruise line, find a cruise of interest, and book online. It measures the user experience in terms of satisfaction, site reliability and performance, as well as NPS and likelihood to return and purchase. Dana’s keen understanding of what the cruise industry needs and pays attention to when executing sound design changes is part of what makes this benchmark study novel and desired. The study capitalizes on the value proposition offered by the various brands: Are they selling the ratio of cost to experience well to their digital consumers? Are they painting a clear picture that informs decisions and promotes action? At present, leaders in the industry are working with Dana to refine the June release to include exactly what they’ve been missing. Want to be involved in that conversation? Have ideas for a similar study in a different vertical? Learn more…
Custom Competitive Benchmark Studies
To take this one-step farther and truly meet the demands of KLI clients, Dana is leading the development of Custom Competitive Benchmark studies for several clients in the retail, travel, medical and financial industries. These studies are quite similar to the general Competitive Benchmark studies in that they are also task-based assessments of sites within a given industry by users. They also focus on which site(s) are providing the best user experience; but differ in that they allow companies to custom design aspects of the study along with KLI researchers. Companies can “ customize” by selecting the competitors they are most interested in benchmarking themselves against, as well as having input about the tasks users complete, and timing of when the study fields. Need to benchmark yourself against competitors in your industry? Learn more…