If you can’t read the results, why test it?

FICO envelope front
Envelope variations for Chase Slate FICO package, plus duplicates received at my address

My early direct mail copy chiefs beat this mantra into me: only test one thing at a time. If you change the offer and simultaneously change the letter lead, how do you know which change was responsible for any lift?

I thought of this as the drumbeat of “Free FICO Score” offers from Chase Slate continued, and I realized one of the envelopes looked different. Same color scheme, virtually the same OE copy on the front but arranged in a slightly different way. The first really noticeable change is on the back. One says “no annual fee” and the other has a lineup of four unidentifiable awards. (We know which would win in that test, don’t we, since benefits always eclipse chest pounding.)

FICO envelope back
FICO outer envelope back with testing variations

Inside the “alike but different” motif continues. One letter starts “Transfer high rate balances from other credit card issuers and save money.” The other, “From balance transfers to new purchases, Chase Slate makes saving simple.” Exact same facts, but one is about “you” and the other about “the card” so again, it’s pretty clear which would win if tested on its own. (That old copy chief of mine would have had the second writer start over, rather than testing the two leads.) However, the “you” copywriter is paired with the art director who put the shields on the back of the OE, so we’re tied.

Two FICO letters
Which of these letters is more persuasive? Why?

And it continues throughout the package, with design and copy slightly different without changing the facts or the basic presentation. What’s happening here is that two teams were tested against each other to see which one is “better”—a costly experiment on Chase’s part. This isn’t the same as a direct mail package test in which creative teams come up with completely different ideas from scratch. It’s an expensive waste of time.

My advice to Florian Egg-Krings, who signs both letters (no testing variations there): test spelling out “credit score” on the OE rather than calling it “FICO score”. Take one key benefit—I’d probably go with the reasons you’d want a monthly credit report and how great it is to get it for free—and lead one letter with that, then keep the other about your laundry list of benefits. Now you’ve got something worth testing.

I’ve activated my Barclaycard Ring MasterCard!

The card is in my hands, and I’m excited to be using the first crowdsourced credit card. Well… actually I’m reacting to the message on the card carrier document I received that begins “Are you excited? Because we’re excited.” This represents one of my pet peeves about advertising copywriting. “Excited” is a result. I will get excited if you give me reasons to get excited. Unless you are selling certain products which are beyond the purview of this blog, getting excited is not a benefit by itself.

Barclay Ring Welcome Page
Barclay Ring Welcome Page

But let’s move past that. I’ve now registered the card on the Barclaycard.com website where I find the top level page shown here. The circles on the left are badges you can earn for such things as referrals, getting paperless statements and participating in the community. You also have a “ring” next to your profile that gets brighter with increased participation and there are different levels of participation as well. (Right now I’m Bronze, having just signed up.) I have a client who operates a similar sponsored community and this seems to follow the same best practices. The recognition options are too complicated for you to make a plan for progressing through the ranks, which is exactly the idea. You just get busy and over time your profile is festooned with badges and awards and presumably additional functionality will be revealed.

In my previous post on this card I described my perception of it: a rewards card with a low interest rate, in which the rewards program is determined in part by the community. I misunderstood. In a blog post called “Barclaycard Ring, where are the rewards?” product manager JaredY says there aren’t likely to be any rewards because at the low interest rate (prime + 4.75% which currently makes it 8%) and no annual fee, the bank can’t afford them.

The cardmembers are fine with that. So far the comments are almost universally positive. These early adopters (at present there are just about 1000 active cardholders, according to JaredY) love the idea of the card, love the low APR, love the option to donate some of the “Giveback™” to charities, and aren’t particularly concerned about the way that Giveback is calculated. One poster stated that he just liked being part of the community, and any reward at all was a bonus (sort of like belonging to your local grocery coop, maybe).

Today I’m going to put this plastic into action. Stay tuned…

UPDATE: There’s currently an issue on the barclaycardus.com website that is going to be a problem in building the community. If your password is not recognized and you click on “lost your password?” the only option given is to pick a new user name; you can’t get a “set a new password” email as with most sites. If I can’t keep my user name then it’s going to be a lot harder to establish my identity in the community and accumulate badges. (Another issue is that the password for the new username is not recognized either; hopefully this is just a temporary glitch.) Will update again if this is fixed.