You need to give something in order to get something from me. For all I know there is nothing behind the email wall. I'm frankly tired of email marketing and I don't want my email collected and sold off.
Looks like this site tries to give you informed choices. Choices that can only be informed with personal data. I'm not giving up my personal info in exchange for sorting credit card offers. I can find and sort the offers on my own without becoming a source of revenue.
> Trove is just a passion project right now.
Right now. But maybe tomorrow they’ll change their mind?
Also, how is "We never see, store, or use your credit card information at any time" consistent with "We analyze your spending"?
We only ask for your email address so you can sign in later to see your results. I agree it's a bit unintuitive that we don't "verify" your email, but that's because it's ultimately linked to your bank account.
"Credit card information" in this case refers to the fact that we don't have access to your CC number, credit limit, etc. One of the early feedback we got was that people were worried we would have access to their CC number, so we added that bit in to clarify. I agree that the wording could be clearer.
I clicked the link before clicking the HN comments. I clicked Get Started, saw the e-mail prompt, and immediately went "meh" and closed the tab and came to the HN comments to see if anyone had signed up to see if it was worth my time.
Couple questions/concerns:
1. BIG red flag: You sidestep the monetization question in your FAQ. Monetization in this space is generally some combination of: spending data repackaging/selling, card affiliate links, subscriptions (least likely?). You should be up front as each one of these methods has privacy and or agency concerns.
2. You should help the user understand what they are getting into when signing up for credit cards. CC rewards to save money is a great thing but not when the user doesn't understand the consequences of doing so and the overhead of management (e.g. lowering scores while you're prepping for a refi would cost you $$$$).
3. The site generally needs more information. If I'm going to trust a site with read access to everything I buy every day, I need to trust you.
4. Doesn't look your tool takes into account issuer limits on card signups or current portfolio? Could cause issues where you are recommending cards but the user is unable to sign up due some issuer constraint
5. Is googling NerdWallet really the pain point you're addressing?
2. Great idea!
3. Totally understand - we know it's a big ask to request your transaction history. Out of curiosity, what information could we provide would help you trust us more?
4. We do not.
5. Yes, this is the pain point we've heard repeatedly from our users. Since you mention you are a "miles & points enthusiast", I can see why the value prop of Trove might not be as compelling. Our goal is to help people get most of the same rewards as a credit card enthusiast would, without having to become an expert on this stuff.
3. Personally, a blurb about your data deletion policy, putting it in your TOS that you will never sell transaction history/personally identifying info, and making Plaid (or VISA) more front and center moves the needle. I trust Plaid more than I trust some random entity with "bank level encryption." Not sure if I'm the right one to ask about this one as I'm not your target.
5. Cool. Didn't realize CC signup decisions were weighed so heavily by people. IME people just generally went with the marketing (think store cards and/or cards with big marketing budgets like Cap1). Maybe I'm desensitized after doing this stuff for so long.....
Cashback with frequent flier miles allows me to take my girlfriend and me on trips around the entire world on business class. Paying only for Airport taxes.
That leaves me with the following costs: Yearly fee USD380 Airport taxes 2 pax USD600
Total USD980
For these 980 dollars I get air tickets that retail at USD9000.
Conclusion: Amex is great for when you have a structural demand to use whatever the cashback on offer is as good as this.
Of course it also has insurance and concierge service, but I never use neither.
Nice landing page though!
The account registration is just so you can see your results again later. We appreciate the feedback though, in the future we may have a way to use this without having to enter in your email.
Only debit cards (usually deferred, immediate for children). Some you still need to pay for, most free. But you get nothing in return (except for shop issued ones which bring some fidelity points but nothing substantial)
When someone is so adamant about being better than one specific competitor, that typically means the competitor they mention so often must have something good going for it.
I'd recommend stopping mentioning them, and just state what problem you are solving.
