The revamped 2022 Toyota GR86 returns with better power, agility and a thrilling drive

The revamped 2022 Toyota GR86 returns with better power, agility and a thrilling drive

Price: The 2022 Toyota GR86 starts at $27,700 with a manual transmission and $29,200 with an automatic.The Toyota 86 took the 2021 model year off. It returns in significantly updated form late this year as a 2022 model with a new name: the GR86. That “GR” designation comes from Gazoo Racing, the internationally known racing team that did much of the development work on this new Toyota
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GR86, which continues to be a lightweight and highly entertaining rear-wheel-drive (RWD) coupe that’s a mechanical cousin of the jointly developed Subaru BRZ
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The Toyota GR86

Toyota

The big news for 2022? The debut of a larger new 2.4-liter engine. This new flat-4 powerplant produces 228 horsepower at 7,000 rpm and 184 lb-ft of torque at 3,700 rpm, which compares quite favorably to the 205 hp and 156 lb-ft generated by the previous 2.0-liter. This new engine has a broader band of torque, so it doesn’t need to be revved as highly to make good power. Power reaches the GR86’s rear wheels via a close-ratio 6-speed manual transmission or an optional 6-speed automatic with paddle shifters. Also standard is a limited-slip differential that helps the GR86 squirt out of corners with minimal rear wheelspin. Toyota says the new GR86, with the manual gearbox, hits 60 mph in 6.1 seconds, versus 7.0 for the previous 2.0-liter car. Two models are available: the GR86 and the GR86 Premium. All 2022 Toyota GR86s get a digital instrument panel with three display modes (Normal, Sport, Track), plus Apple
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CarPlay, Android Auto, and an 8-inch multimedia touchscreen. While the standard GR86 gets a 6-speaker audio system, the Premium has an 8-speaker arrangement to complement its upgraded upholstery. While the new GR86 looks similar to the outgoing 2020 86, it has what Toyota calls a “G Mesh” grille, which is complemented by angular LED headlamps, functional front vents, and side spoilers that improve stability and steering response at high speeds. The GR86 Premium, which rides on 18-inch forged alloy wheels, makes its presence known with a tall duckbill rear spoiler. As a race team, Gazoo Racing knows that less weight means more agility. To that end, the new GR86 now uses some aluminum in its hood and fenders to keep weight low, somewhere in the vicinity of 2,800 pounds. Not only is the GR86 very light, but its flat-4 engine helps to give it a low center of gravity, which improves cornering performance. Competitors for the 2022 Toyota GR86 include the Mazda
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MX-5 Miata and possibly even the Chevrolet Camaro and Ford
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Mustang. While these Americans certainly are fun rear-wheel-drive coupes, they are quite different in character than the agile little Toyota. See: The 2022 Mazda MX-5 Miata: It’s all about the fun of driving2022 Toyota GR86 pricing The 2022 Toyota GR86 starts at $27,700 with a manual transmission and $29,200 with an automatic. In Premium trim, the GR86 manual starts at $30,300 while the GR86 automatic begins at $31,800. The destination fee is $1,025. Included with all 2022 Toyota GR86 models is a no-cost plan that covers normal factory maintenance and 24-hour roadside assistance for two years or 25,000 miles, whichever comes first.

The Toyota GR86

Toyota

Driving the 2022 Toyota GR86 If you’re looking for a fun-to-drive sports car that lets you push its limits without needing to travel at supersonic speeds, the 2022 Toyota GR86 is an ideal dance partner. Even with the added horsepower and torque of the 2.4-liter 4-cylinder boxer engine, the stiffer and tauter GR86 chassis feels capable of coping with far more power. That being said, it’s a welcome relief to drive a sporty vehicle where the engine doesn’t entirely dominate the driving experience. What makes the 2022 GR86 so enjoyable is how the engine, gearbox, brakes, and steering all work together to create a thrilling drive. And yes, when you’re in the mood to relax and simply putter along down the highway or through town, the GR86 is happy to do that, too. The ride is firm, as you’d expect, but the engine doesn’t drone on the highway, and you’re not shaken to pieces over rough pavement. Is it serene like a luxury car? Absolutely not! Though the GR86 is more livable on a daily basis than you imagine – the snug cockpit and small trunk are the biggest limiting factors for long drives Check out: 7 off-the-radar places worth stopping on a California road trip. Enthusiast drivers will jump at the standard 6-speed manual and, having driven both it and the automatic on a racetrack and public roads, it enlivens the GR86 that extra little bit. While the 6-speed automatic performs admirably and gear changes can be done via paddle shifters, the manual lets you keep the engine humming exactly where you want it, particularly when careening around a track. And careen we did, oftentimes sideways through corners – and at one point, beyond the limits of adhesion afforded by the GR86’s tires! Of the various trims we tested, the base GR86 fitted with the manual transmission, and riding on 17-inch alloys wrapped by Michelin Primacy HP tires, felt the lightest on its feet (and the easiest to break rear traction without causing the driver to break into a sweat). Keep in mind, this was during the track portion of our drive, where some seriously sideways moments were easily reigned in by simply lifting off the throttle. If you’re after a user-friendly sports car in which to learn how to drive better and faster, the GR86 ranks among the best. A little more road feel in the steering would be nice, however. Don’t get us wrong, the GR86 is extremely nimble and darts around corners. Except you don’t always feel like the front wheels are telegraphing to the steering wheel (and your fingertips) exactly what’s going on at the road surface. To be fair, compared with 99% of other vehicles sold today, this level of handling will be a revelation to anyone accustomed to a driving life spent in sedans or, gasp, a diet of only SUVs. The GR86 accelerates from zero to 60 mph in 6.1 seconds with the 6-speed manual or 6.6 seconds with the 6-speed automatic. This is one of the increasingly rare instances in which a stick-shift is quicker than an optional automatic ‘box fitted to the same vehicle. At the time of our test drive, Toyota would only say that all versions of the GR86 weigh approximately 2,800 pounds. From our perspective, the manual transmission models felt slightly lighter when jumping between them and GR86s with the automatic. Don’t miss: This crowdsourced site shames car dealers for huge markupsInterior comfort The interior of the 2022 Toyota GR86 has two significant updates – a new digital gauge package and sportier seats, both of which enhance the track-focused ambience of the cockpit. As mentioned in our Favorite Features below, the digital gauge package has three different modes, but it’s also enhanced by LCD toggle displays with silver trimmed dials. There’s also a 7-in TFT (Thin Film Transistor) display featuring a neat startup animation sequence that’s inspired by the horizontal pistons of the flat-4 boxer engine. While the Toyota GR86 certainly qualifies as a compact sports coupe, its practicality is enhanced by a pair of rear seats, which are handy to have when needed and fold forward to increase the car’s cargo capacity. Getting an adult back there is another story, however. Headroom and legroom are in scarce supply, though small kids might be OK for short drives. Consider the rear seat an extension of the trunk, and you’ll be better off.Exterior styling Toyota’s new-generation GR86 looks much like the previous 86, but freshened. It continues to look low and athletic, as a lightweight sports coupe should. Visual highlights include a new “G Mesh” grille and angled LED headlights, plus functional front vents and side spoilers that aid vehicle stability at speed. The standard 86 wears forged 17-inch alloy wheels with Michelin Primacy HP tires. The GR86 in Premium trim is equipped with sticky Michelin Pilot Sport 4 on forged 18-inch wheels that are black. Further differentiating the new GR86 Premium is its tall duckbill rear spoiler. Available colors on the 2022 Toyota GR86 include two shades of blue and two shades of gray, plus red, white, and black.Favorite features The new 2.4-liter engine
Thanks to its extra displacement, the new 2.4-liter flat-4 engine has lots more of what we like – torque. While the previous 2.0-liter put out 205 horsepower at 7,000 rpm and 156 lb-ft of torque at 6,400 rpm, the new 2.4 generates 228 hp at 7,000 rpm and a healthy 184 lb-ft at a significantly lower 3,700 rpm. Digital gauges
All new 2022 Toyota GR86s get this new digital gauge package, which has three display modes: Normal, Sport, and Track. In Track mode, the driver is given real-time readouts for gear position, engine speed, coolant temperature, and oil temperature.Standard features All 2022 Toyota GR86s are equipped with the new 2.4-liter flat-4 engine, a 6-speed manual transmission, and a limited-slip rear differential. Moreover, all Toyota GR86 models come with a push-button starter, an 8-inch touchscreen display, and a 6-speaker audio system featuring Apple CarPlay, Android Auto, and a pair of USB ports. The 86 Premium improves on that with an 8-speaker audio system and more heavily bolstered seats upholstered in Alcantara, a pseudo suede. All 2022 GR86s also get Toyota’s Smart Key System (on both doors) and an anti-theft alarm, plus LED headlights and the Toyota Star Safety System, a safety suite that includes electronic stability control with a special Track mode that allows more aggressive driving before intervening. Also standard on the 2022 Toyota GR86? A complimentary 1-year membership in the National Auto Sport Association (NASA). As part of this membership, GR86 owners will enjoy one free High-Performance Driving Event (HPDE) and discounted admission to NASA events. Note: If you want adaptive cruise control and automatic emergency braking on your new 2022 Toyota GR86, they are available but only on models equipped with the automatic transmission.Factory options A 6-speed automatic transmission with shift paddles is the most notable option on the 2022 GR86. It has been strengthened this year to accommodate the added power of the 2.4-liter engine, and it has been updated with adaptive controls that sense brake and accelerator action to ensure it’s always in the right gear for the given situation. Another option on the new Toyota GR86 is adaptive front lighting (headlights that point into turns for better corner illumination), but it’s available only on the Premium trim.Engine and transmission Power for the 2022 Toyota GR86 comes from a new 2.4-liter flat-4 engine. The new 2.4 is rated at 228 horsepower, an 11% improvement over the previous 2.0-liter. More significantly, it puts out 184 lb-ft of torque at 3,700 rpm, versus only 156 lb-ft at 6,400 rpm for the 2.0. The new 2.4 is a high-compression engine, and it uses a combination of direct fuel injection and port fuel injection, the latter to improve combustion efficiency in light-load conditions. As a naturally aspirated (non-turbo) powerplant, the new 2.4-liter has crisp throttle response. Power is sent to the limited-slip differential via a close-ratio 6-speed manual transmission or a 6-speed automatic with shift paddles. The manual gearbox has had its linkage improved and its clutch strengthened, while the automatic now has been enhanced with greater torque capacity. EPA fuel economy has dropped slightly. The 2022 Toyota 86 was rated at 21 mpg city/28 highway with a manual and 24 mpg city/32 mpg highway with an automatic. The respective new EPA figures for the 2022 Toyota GR86 are 20/27 (manual) and 21/31 (automatic). 2.4-liter flat-4
228 horsepower @ 7,000 rpm
184 lb-ft of torque @ 3,700 rpm
EPA city/highway fuel economy: 20/27 mpg (manual), 21/31 mpg (automatic) This story originally ran on KBB.com. 

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3 ways golf fans can stream the 2022 Masters (psst: we found some free trial offers)

3 ways golf fans can stream the 2022 Masters (psst: we found some free trial offers)

The best of the best in golf are set to compete in a week, and it is must-see television for golf fans. Here are all of the ways you can tune in if you cut the cord.

Getty Images

There are very few sporting events that compare to Masters Tournament week. Some of the best golfers in the world will congregate in Augusta, Georgia for the 86th edition of the tournament on April 7-10. All eyes will be on whether Tiger Woods will make his return to action after he badly injured his right leg in a car wreck last year. His last appearance in a PGA Tour event was the 2020 Masters but he reportedly played a full 18 holes at Augusta this week.  While Woods’ potential appearance at the Masters will dominate headlines, the intrigue with the rest of the group remains high. Dustin Johnson is looking to repeat his dominant performance at Augusta last year where he won by five strokes (though he has been less consistent this year). Jon Rahm has the best betting odds of winning the tournament, while Jordan Spieth will try to keep his momentum going after winning the Texas Open last week. Here are all of the ways you can tune in if you cut the cord.  Budget option for sports fans: ESPN+ for $6.99 per month $6.99 per month, $69.99 for the year (no free trial); cancel anytime If you are trying to watch the Masters this weekend without any long-term commitment, ESPN+ is the package for you. For less than $10 a month, you can stream the Masters on your phone, tablet or TV via the ESPN app. Not only does ESPN+ let you tune in live to all the action in Augusta, it puts all of the past events it broadcast into its on demand library. If you are watching the kids or bogged down with work, you can go back and watch any rounds you might have missed in its “past events” section when you get downtime.  The best part of ESPN+’s vast library is that it has one-hour summaries of every Masters from the last 60 years. You can watch each past winner go through their four-day odyssey trying to conquer one of the hardest greens the country has to offer. From watching Jack Nicklaus dominate in the 1960s to witnessing Woods at his peak, most of the iconic past performances at the Masters are available to you on ESPN+.

Paramount+, now with one-week free trial $9.99 per month (premium plan), $99.99 per year (one week free trial); cancel anytime Paramount+’s premium plan gives you access to CBS’ live programming — meaning you can tune into the Masters throughout the entire event. The interface is comparable to YouTube TV and Netflix and is easy to navigate. While its overall programming isn’t sports heavy, the Paramount+ library also offers most of its parent company’s shows (NCIS, Star Trek and Survivor to name a few).  The free trial allows you to experiment for one week leading up to the Masters to see if it is the right fit. This might be the package for you if you enjoy NFL and the UEFA Champions League, as both leagues are available to stream on Paramount+ .

FuboTV, now with one-week free trial $69.99 per month for Pro Plan (one week free trial); cancel anytime For an event like the Masters, FuboTV is another option for you if you want access to ESPN and CBS. On the Pro Plan, 10 people can watch on your account at once, which makes the up to 1,000 hours of DVR space useful. The package includes NBC, CBS, ABC, NFL Network, ESPN, ESPN 2 and more.  If you don’t want any extra features (like ESPN+ provides) and just want to watch the Masters from home, using FuboTV’s free trial might be the best option for you heading into next weekend. It is easy to use and essentially is a more advanced version of cable. 

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United Club℠ Infinite Credit Card Review 2022

United Club℠ Infinite Credit Card Review 2022

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.The United Club℠ Infinite Card is a luxury co-branded airline credit card that lets you earn United miles on daily purchases and provides benefits such as free checked bags and United Club lounge membership. For a limited time, new cardholders can also score a solid 120,000-mile welcome bonus after spending $6,000 within the first three months of opening an account. If you’re a frequent United Airlines flyer who values access to United Club lounges than this premium travel credit card is a real contender for a place in your wallet.Below, Select breaks down the rewards, benefits and fees associated with the United Club℠ Infinite Card to decide if it’s right for your needs.Subscribe to the Select Newsletter!Our best selections in your inbox. Shopping recommendations that help upgrade your life, delivered weekly. Sign-up here.United Club℠ Infinite Card reviewUnited Club℠ Infinite Card

  • Rewards4 miles per $1 spent on United® purchases, 2 miles per $1 spent on all other travel and dining (including eligible delivery services) and 1 mile per $1 spent on all other purchases
  • Welcome bonusEarn 120,000 bonus miles after you spend $6,000 on purchases in the first 3 months from account opening
  • Annual fee
  • Intro APR
  • Regular APR16.49% to 23.49% variable
  • Balance transfer fee
  • Foreign transaction fees
  • Credit needed

Pros

  • Annual fee waived the first year
  • United Club membership with access to over 45 United Club locations and participating Star Alliance™ affiliated lounges worldwide
  • Up to $100 Global Entry or TSA PreCheck fee credit every four years
  • No fee on purchases made outside the U.S.

Cons

  • High annual fee
  • No intro 0% APR period

Welcome bonusThe welcome bonus offered with this card delivers big value, allowing new cardholders to earn 120,000 bonus miles after spending $6,000 on purchases within the first three months of account opening. If you value United miles at a modest 1 cent per mile you’d end up with about $1,200 worth of travel from the bonus alone, and that’s not even including the additional miles you’ll earn from purchases made to get the bonus.Compared to other travel credit cards this is one of the most lucrative welcome bonus offers available at the moment. Many are able to get more value from United miles as well, so this bonus could easily be worth way more depending on how you redeem your miles.Keep in mind that you won’t be able to get the welcome bonus if you already have another United Club card or you’ve already gotten a welcome bonus for another United Club card within the past 24 months.Benefits and perksThe United Club℠ Infinite Card is packed with plenty of features for cardholders to take advantage of. If you’re thinking of applying, it’s important to think realistically about how many of the perks you’ll actually use — and how often — to make sure it’s worth your while.Once approved for the card, you’ll be able to enjoy the following benefits:

  • Access to United Club (and participating Star Alliance™ affiliate) airport lounges worldwide
  • Complimentary first and second checked bags when you fly with United, reflecting a $35 value on the first bag and up to $45 value on second bag each way, per person (up to $320 in savings per round-trip flight)
  • Up to $100 statement credit every four years when you enroll in NEXUS, TSA PreCheck or Global Entry
  • 25% back on in-flight purchases such as Wi-Fi, food or beverages (as a statement credit)
  • 10% off United economy saver award flights within the continental U.S. and Canada
  • Because it’s a co-branded MileagePlus credit card, you’ll earn up to 4,000 Premier Qualifying Points, or PQPs, toward United elite status annually — 500 for every $12,000 you spend (up to 4,000 per calendar year)
  • Premier Access travel services such as priority check-in and expedited security, boarding and baggage handling
  • Comprehensive travel insurance including trip cancellation and interruption, baggage delay insurance, reimbursement for lost luggage and trip delays, travel accident insurance (including travel and emergency assistance services and emergency evacuation and transportation) and rental car coverage (collision damage waiver)
  • Visa Infinite concierge services

By taking advantage of most or all of these benefits, you can easily justify the card’s $525 annual fee. Even if you just get the card for United Club access, you’ll be saving money since a membership costs $550 to $650 when you’re purchasing directly from United.How to earn and redeem United milesEarning United MileagePlus milesWhen you spend on the card, you’ll earn: 

  • 4X MileagePlus miles per dollar on all purchases from United Airlines, including in-flight services such as Wi-Fi, food and beverages, as well as tickets for flights
  • 2X MileagePlus miles per dollar on all other travel purchases — flights, hotels, cruises, trains, rental cars, tolls, public transportation, taxis and ride-sharing services
  • 2X MileagePlus miles per dollar on dining and eligible delivery options
  • 1X MileagePlus mile per dollar spent everywhere else

Select calculated how many miles the average American could potentially earn in a year by using their United Club℠ Infinite Card. We worked with the location intelligence firm Esri, who provided us with a sample annual spending budget of $22,126.The budget includes six main categories: groceries ($5,174), gas ($2,218), dining out ($3,675), travel ($2,244), utilities ($4,862) and general purchases ($3,953). Here’s what the average consumer would earn by using this credit card:

  • Groceries: 5,174 United MileagePlus miles
  • Gas: 2,218 United MileagePlus miles
  • Dining out: 7,350 United MileagePlus miles
  • Travel: 8,976 United MileagePlus miles (assuming all travel dollars are spent with United Airlines)
  • Utilities: 4,862 United MileagePlus miles
  • General purchases: 3,953 United MileagePlus miles

With all spending considered, you could end up earning 32,533 United MileagePlus miles within the first year if you were to include the 120,000-mile welcome bonus — this type of spending would end up yielding a total of 152,533 United MileagePlus miles. Over a five-year period, cardholders could potentially earn 282,665 United MileagePlus miles, although the total amount would depend more on an individual or business’ annual spending habits.Alternatively, if you’re trying to rack up a large amounts of United MileagePlus miles in a hurry, consider earning rewards through credit cards with transferable rewards. Credit cards like the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® let you earn Chase Ultimate Rewards® points, which can be transferred directly to United MileagePlus at a 1:1 ratio. These cards are some of the best travel credit cards because you have the flexibility to redeem your rewards in a variety of ways, including transferring them to United Airlines.Redeeming United MileagePlus milesOnce you earn enough United MileagePlus miles, the fun part is redeeming them for free flights. Be aware that while the flight cost is covered by miles, you’re still responsible for paying any applicable taxes and fees. For example, if you were to redeem them for a flight within the U.S., you will still have to pay $5.60 each way in taxes and fees.To redeem MileagePlus miles, visit the United website and begin searching for your desired flight pattern. Before you hit the search button, click the “book with miles” box. From there, you will be able to look through any available flights and see how many miles it will cost for each seat class.Keep in mind that you should really aim to get more than 1 cent per point in value for your United MileagePlus miles. Anything below that wouldn’t be a great redemption, and you may be better off paying cash for the fare.Lastly, if you’re trying to book travel outside the United States, you may find yourself seeing different airlines on the United website. This is because of United’s connection to Star Alliance, an airline alliance with 26 members. As a result, you’ll be able to earn miles by flying with any one of them and can also redeem your MileagePlus for flights on any of United’s partners. If you’re searching for flights from New York to Singapore, for instance, you’ll be shown flights with Singapore Airlines, while if you’re interested in traveling to Germany, flights with SWISS Airlines or Lufthansa will appear in your search results.In short, as you continue to earn United MileagePlus miles by spending with the United Club℠ Infinite Card, it’s in your best interest to spend them as you earn them. If you were to instead hold onto a large amount of airline miles, you’d be susceptible to devaluation announcements from United Airlines or could potentially having them digitally stolen from you before you get to use them.Rates and feesCard comparisonThe United Club℠ Infinite Card is a solid option for someone who prefers luxury travel benefits when flying with United Airlines. But how does it stack up against other luxury travel credit cards? Select compared two other popular credit cards to see how it really matches up.United Club℠ Infinite Card vs. The Platinum Card® from American ExpressThe Platinum Card® from American Express is a value-packed luxury travel card that offers terrific benefits for both your travels and day-to-day necessities. You can also earn a ton of American Express Membership Rewards® points when you spend with the card.To get you started, the card comes with a large welcome bonus of 100,000 Membership Rewards® points after spending $6,000 in your first 6 months of card membership. And as you spend on the card, you’ll earn:

  • 5X points per dollar on flights booked directly with airlines or through American Express Travel (up to $500,000 per year)
  • 5X points per dollar on prepaid hotels booked through American Express Travel
  • 1X points per dollar spent everywhere else

With the Amex Platinum you’ll also have access to a long list of benefits, including:

  • Up to $200 in annual airline fee credits and up to $200 in Uber credits per year
  • Access to the Global Lounge Collection, which has over 1,200 airport lounges in more than 130 countries. Including access to Amex Centurion Lounges and Delta Sky Clubs
  • A $200 hotel credit for prepaid properties booked via Fine Hotels + Resorts® or The Hotel Collection through American Express Travel
  • A $240 digital entertainment credit (up to $20 each month) when you use your card to purchase service with Peacock, Audible, SiriusXM or The New York Times
  • A $155 Walmart+ statement credit to help you cover the cost of a $12.95 monthly Walmart+ membership after you pay for monthly Walmart+ service with your card
  • A $300 annual credit with Equinox (broken up into $25 each month)
  • A $100 credit when you shop at Saks Fifth Avenue, divided into $50 for each half of the year
  • A $179 credit when you enroll in CLEAR
  • Comprehensive travel insurance and complimentary American Express concierge services

Terms apply.The Platinum Card comes with a whopping $695 annual fee (see rates and fee), which can easily be made back in value by utilizing available spending credits and taking advantage of large earnings for booking travel.When comparing the two cards, consider how often you fly and with which airline(s). If you tend to only fly with United Airlines and visit only United Club lounges, the United Club Infinite Card would be the better choice. If you’re looking for more flexibility with credit card rewards, more spending credits and a much larger list of airline lounges you can access, the Amex Platinum Card may be your best bet. If you’re primarily a Delta flyer you may be better suited with the Amex Platinum, as you get complimentary access to Delta Sky Clubs when flying on Delta.The Platinum Card® from American ExpressOn the American Express secure site

  • Rewards5X points on flights booked directly with airlines or with American Express Travel (starting January 1, 2021, this applies on up to $500,000 per calendar year), 5X points on prepaid hotels booked with American Express Travel, 1X points on all other purchases
  • Welcome bonus100,000 Membership Rewards® points after spending $6,000 within 6 months of account opening. Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu.
  • Annual fee
  • Intro APR
  • Regular APR
  • Balance transfer fee
  • Foreign transaction fee
  • Credit Needed

United Club℠ Infinite Card vs. Chase Sapphire Reserve®The Chase Sapphire Reserve® is another premium travel credit card that offers cardholders a wide variety of benefits. Once you’re approved for the card, the current welcome bonus lets you earn 50,000 Chase Ultimate Rewards® after you spend $4,000 within the first three months of account opening.With the Chase Sapphire Reserve card, you’ll have access to valuable benefits, such as:

  • A $300 travel credit
  • 50% more in value when you redeem Ultimate Rewards points through the Chase travel portal
  • A $100 statement credit for enrolling in either TSA PreCheck, Global Entry or NEXUS
  • Access to airport lounges, including Priority Pass lounges
  • Comprehensive travel insurance, purchase protection and return protection*
  • No foreign transaction fees

By spending with the card, you’ll also be able to earn a large amount of Ultimate Rewards points through flexible spending categories:

  • 10X points per dollar on hotel and rental car reservations purchased through the Chase Ultimate Rewards travel portal (after spending $300 on travel)
  • 10X points per dollar when you use the Chase Dining program
  • 5X points per dollar on flights purchased through the Chase Ultimate Rewards travel portal (after spending $300 on travel)
  • 3X points per dollar on travel expenses (like flights, hotels, cabs, Ubers, trains and more) worldwide (after spending $300 on travel)
  • 3X points per dollar at restaurants and eligible delivery services, including takeout
  • 1X point per dollar spent everywhere else

The Chase Sapphire Reserve card comes with a $550 annual fee, just $25 more than what you’d pay for the United Club Infinite Card’s annual fee.If you’re deciding between the two cards, it really comes down to which benefits you think you will use the most and if you wish to have more flexibility with your rewards. Chase Ultimate Rewards® points can be transferred directly to United MileagePlus at a 1:1 ratio, so you could potentially earn more miles by using the Chase Sapphire Reserve card than the United Club Infinite Card based on where you do most of your spending. Plus, you can transfer to your Chase points to over ten other partners or redeem them through the Chase Travel Portal where you’ll ultimately have more flexibility in redemption.However, if your main focus is on earning status with United Airlines, the United Club Infinite Card gives you the chance to earn up to 4,000 Premier Qualifying Points per year — 500 per $12,000 spent — to help expedite your status-earning journey.Chase Sapphire Reserve®

  • RewardsEarn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases plus, 10X points on Lyft rides through March 2022
  • Welcome bonusEarn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
  • Annual fee
  • Intro APR
  • Regular APR16.99% to 23.99% variable
  • Balance transfer fee
  • Foreign transaction fee
  • Credit needed

Who the United Club Infinite Card is best forThe United Club℠ Infinite Card is a solid choice for regular travelers with good to excellent credit who are loyal to United Airlines and its many Star Alliance partners. It’s a great pick for anyone who can budget for the $525 annual fee, especially those who plan to take advantage of the many benefits it offers, such as complimentary United Club lounge access and up to two free checked bags.Keep in mind that because this is a Chase card, you may end up having to deal with the infamous Chase 5/24 rule — in other words, you won’t get approved for any new Chase cards if you’ve already gotten approved for five or more personal credit cards within the last 24 months.Bottom lineThe United Club℠ Infinite Card is a solid travel credit card, perfect for anyone who enjoys flying with United Airlines, spending time in United Club lounges and checking one or two bags when they fly. The card offers a lucrative 120,000-mile welcome bonus, flexible spending categories, a number of benefits to enhance your overall travel experience and comes with a sleek design.Before you apply for a new credit card, be sure you have room in your budget for the annual fee and enough purchases coming up to get you past the $6,000 spending threshold to get the welcome bonus. Without a sturdy budget, picking up a shiny new credit card could potentially lead to a financial disaster if you end up spending outside of your means.Catch up on Select’s in-depth coverage of personal finance, tech and tools, wellness and more, and follow us on Facebook, Instagram and Twitter to stay up to date.*Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/ benefitsguide for more details. Purchase protection provided by AMEX Assurance Company.For rates and fees of the Platinum Card from American Express, click here.
Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party. .

Tax benefits matter, but watch out for tricky insurance policies

Tax benefits matter, but watch out for tricky insurance policies

Debroop Roy, 26, was approached by a family friend, doubling up as an insurance agent, with a lucrative investment plan. Roy will have to invest 1.2 lakh every year for 12 years and from the 13th year onwards, he will get 1.3 lakh annually for the next 34 years. That’s not all. The 14.40 lakh paid in premiums over the first 12 years will be returned fully in the final year of the investment term.

“The plan caught my attention as it promises guaranteed annual income well into retirement years and also returns the total investment amount. But, I approached a financial expert before committing as I’m aware how traditional insurance policies are pushed during the tax-saving season,” said Roy.

Roy was right in doing that. The internal rate of return (IRR) on this traditional insurance policy is 6%. In an insurance policy, IRR gives you the rate at which the invested money will grow to yield the guaranteed maturity amount in relation with inflation.

Mint calculated the IRR of three different traditional life insurance plans–one endowment plan and two money back plans with and without return of premium options–and found traditional insurance plans with policy terms of 20-35 years typically yield 6% (see graph). This is less than other comparable fixed-income investment options of the Public Provident Fund (PPF) and Sukanya Samriddhi scheme, which also enjoy triple taxation benefits like life insurance products, that are currently offering 8.1% and 7.6% annual interest rates, respectively.

 

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“Policies bought 20-25 years back are maturing to yield 6%-7%. It is worth noting that 20-22 years back, 10-year G-sec yield was 12%, 30-year G-sec yield was around 14% and AAA bond was 16-18%. During that time if somebody invested in AAA bonds and reinvested after 5-10 years in a 10-year G-sec bond, the return on investment would have compounded a minimum 9%. If you compare this, traditional insurance plans are a strict no,” said Vijai Mantri, co-founder and chief investment strategy, JRL Money.

The idea is not just to see what you earn on your investment but also to draw attention to the acute shortfall in insurance coverage that such plans offer. “The primary call of insurance is protection and endowment plans fail to achieve that,” said Mantri.

The shortfall

As a general rule, financial planners suggest buying a life insurance cover of 10-12 times one’s annual income. This is totally affordable if you buy a pure risk term plan. For example, a 30-year-old woman has to pay around 11,000 in premiums annually for a 1 crore life cover. In a traditional plan, on the other hand, affordable premiums offer an abysmally insufficient cover.

“In an endowment plan, you can either pay an affordable premium or get sufficient coverage. If you want to buy a life cover of 1 crore through an endowment plan, you’ll have to shell out 6 lakh – 7 lakh annually on the premium alone,” said Prableen Bajpai, founder, FinFix Research and Analytics.

The pull factor

It’s no secret that traditional insurance plans are aggressively sold in the last quarter of every financial year when taxpayers scramble to make last-minute tax-saving investments. The appeal is not just a tax break on the premium but also tax-free maturity proceeds.

“Maturity proceeds, including bonuses, received from life insurance policies are fully tax-exempt provided the ratio of premium paid to sum assured does not exceed 10% in any year. For policies issued before 1 April 2012 and after 1 April 2003, it is 20% of the sum assured,” said Sujit Bangar, founder, Taxbuddy.com.

Kartik Sankaran, founder, Fiscal Fitness, is of the opinion that tax breaks on life insurance policies prove to be more expensive than paying the tax. “Maturity proceeds are tax-free and you get a tax break today but you live with over 20 years of poor returns. One should rather allocate the premium in a mix of term plan and equity-linked savings scheme (ELSS) fund. Even after paying long-term capital gains (LTCG) on an ELSS fund 20 years later, you will have more net earning.”

Insurance policies lack liquidity and flexibility and, hence, are not the ideal tax-saving tool under section 80C. In comparison, ELSS, PPF, and National Savings Certificate score higher on flexibility as they have shorter lock-ins of 3 years, 15 years, and 5 years, respectively. Partial withdrawal on PPF is allowed after 5 years.

The idea of protection and saving in one plan along with guaranteed returns make traditional plans still very attractive to many investors. “As long as the customer knows what he’s buying, it’s alright but the problem is that selling practices are such that these plans are sold without properly explaining the commitments of long lock-in and that the premium has to be paid for a couple of years and not just the first year,” said an industry expert who did not wish to be named.

Policyholders, said experts, should ask questions on IRR, lock-in period and payment terms before buying a policy.

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4 best budgeting apps for couples to help manage their money

4 best budgeting apps for couples to help manage their money

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.Budgeting can be tedious and daunting, especially when there are so many different accounts to keep track of, like for savings, investments and retirement. So when you and your partner have to manage your money together as a couple, dealing with double the number of accounts can make budgeting feel extra stressful.That’s why there are so many budgeting apps designed to do the grunt work for you — and some of them actually work perfectly for couples.To determine which budgeting apps are the best for couples Select reviewed and compared a variety of options, looking at their pricing, features and user reviews. (see our methodology for more information on how we choose the best budgeting apps.)Best budgeting apps for couplesBest overall free appHoneydueInformation about Honeydue has been collected independently by CNBC and has not been reviewed or provided by Honeydue prior to publication.

  • Cost
  • Standout featuresAllows couples to see both partners’ bank accounts, credit cards, loans and investments (and each partner can select what to share with the other) so you can manage money together and see everything at one glance
  • Categorizes your expensesYes, but users can customize
  • Links to accountsYes, you and your partner’s bank and credit cards
  • AvailabilityOffered in both the App Store (for iOS) and on Google Play (for Android)
  • Security featuresData encryption, Touch ID and multi-factor authentication

Pros

  • Free to use
  • Helps couples manage their money together, track spending, coordinate bills
  • Syncs to you and your partner’s bank accounts
  • Choose what accounts you want to share
  • Users set up monthly spending limits in each category and are alerted when they or their partner is reaching limit
  • Bill payment reminders
  • Chat and send emojis to your partner through the app
  • Offers joint bank account
  • Security features include data encryption, Touch ID and multi-factor authentication

Cons

  • Some reports of app being buggy and transactions not showing up immediately

Who’s this for? The Honeydue budgeting app makes it easy for you and your partner to get a comprehensive view of your finances together without having to log into a bunch of different accounts every single time. In other words, loans, investments, checking accounts and savings accounts can all be shared with your partner, but the app allows both of you to choose which accounts you want to actually connect.The app also allows you to track spending and coordinate bill payments so you’re both on the same page. And with bill payment reminders and monthly spending limits that users set up in each category, the app helps couples make sure they aren’t overspending. If you or your partner are reaching a certain spending limit, you both will be alerted. Partners can also split expenses with each other directly in the app.And, Honeydue is also offering its own joint bank account. The account has free ATM access, a debit card for both partners and no monthly fees or minimums.  Best for the envelope budgeting systemGoodbudgetInformation about Goodbudget has been collected independently by CNBC and has not been reviewed or provided by Goodbudget prior to publication.

  • CostFree for 20 total envelopes; $70 annually for unlimited envelopes
  • Standout featuresAllows couples to use the envelope system digitally for budgeting, and allows couples to track their debt
  • Categorizes your expensesYes, but users must manually input transactions since the app does not sync to your bank account
  • Links to accountsNo, users must manually input purchases and transactions
  • AvailabilityOffered in both the App Store (for iOS) and on Google Play (for Android) and as a version for laptops
  • Security featuresInformation is secured using bank-grade 256-bit SSL

Pros

  • Free version of the app
  • Helps couples manage their money together, track spending and track debt
  • Ability to share budget with your partner
  • Digital envelopes help couples save for big goals that matter to them
  • Indicates when you’ve gone over budget
  • Money management courses and resources available

Cons

  • Can’t connect bank accounts so users must manually enter transactions

Who’s this for? The Goodbudget app allows users to track their household’s spending using the “envelope method.” The envelope method means that each month, users allocate a certain amount of their income into categories (or digital “envelopes”) labeled for things like groceries, rent, date nights, travel and debt payoff.This makes it easy to prioritize your spending and plan ahead. Users are only supposed to spend the amount allocated to each envelope, and if they go beyond their budget the envelope will show red to indicate that they overspent.The envelope method is generally recommended for people who are new to budgeting, so if you and your partner need a way to ease into categorizing your spending, the app might be able to improve your confidence in that area.Unlike most budgeting and expense tracker apps, Goodbudget does not link to users’ bank accounts and credit cards. Instead, you manually input your transactions into each digital envelope. This actually forces couples to take a hands-on approach to managing their money since they’ll have to actually check to see how much they’re spending in order to upload purchases to the app. However, some people may find manually inputting their transactions to be tedious.The Goodbudget app has a free version which lets you create 20 envelopes, use the app on up to two devices, track one year’s worth of transaction history and track debt. Some couples may find that 20 envelopes aren’t enough for them, in which case they may consider upgrading to the premium version of Goodbudget for $70 a year or $8 a month; the premium version allows the use of unlimited envelopes, access to the account on up to five devices, access to seven years’ worth of transaction history and debt tracking.Best for tracking your spendingMintInformation about Mint has been collected independently by CNBC and has not been reviewed or provided by Mint prior to publication.

  • Cost
  • Standout featuresShows income, expenses, savings goals, credit score, investments, net worth
  • Categorizes your expensesYes, but users can modify
  • Links to accountsYes, bank and credit cards
  • AvailabilityOffered in both the App Store (for iOS) and on Google Play (for Android)
  • Security featuresVerisign scanning, multi-factor authentication and Touch ID mobile access

Pros

  • Free to use
  • Syncs to your bank accounts and credit cards
  • Users can create savings goals, track investments
  • Customized alerts when over budget, for large transactions, ATM fees, etc.
  • Bill payment reminders
  • Credit monitoring service
  • Offers blog and education tools, such as a loan repayment calculator
  • Security features include Verisign scanning, multi-factor authentication and Touch ID mobile access

Cons

  • Some user reviews complain of ads, glitches in app, expenses assigned to wrong category

Who’s this for? While the Mint app isn’t actually targeted toward couples, the fact that it allows you to connect several different accounts can make it easier for couples to categorize their spending automatically. Mint syncs to your bank accounts, credit cards and retirement accounts to track your income, purchases and savings. And it’ll automatically categorize all transactions so you and your partner don’t have to manually enter purchases and deposits, but you’ll also have the option to revise and add categories as needed. You can also create your own savings goals as a couple and track your investments in the app.The app will even send alerts if you’re being charged an ATM fee, going over budget or if there’s been a large or suspicious transaction on any of the connected accounts.The app also has a monthly bill payment tracker allows you see all your bills at one glance, and you can get reminders on upcoming due dates and alerts if your funds are low. These features make Mint a solid pick for couples but unlike Honeydue, Mint doesn’t offer the option to create a joint checking account for you and your partner.Best for zero-based budgetingYou Need a Budget (YNAB)Information about You Need a Budget (YNAB) has been collected independently by CNBC and has not been reviewed or provided by YNAB prior to publication.

  • Cost34-day free trial then $84 per year or $11.99 per month (students who provide proof of enrollment get 12 months free)
  • Standout featuresInstead of using traditional budgeting buckets, users allocate every dollar they earn to something (known as the “zero-based budgeting system” where no dollar is unaccounted for). Every dollar is assigned a “job,” whether it’s to go toward bills, savings, investments, etc.
  • Categorizes your expenses
  • Links to accountsYes, bank and credit cards
  • AvailabilityOffered in both the App Store (for iOS) and on Google Play (for Android)
  • Security featuresEncrypted data, accredited data centers, third-party audits and more

Pros

  • Offers a 34-day free trial, and students get 12 months free
  • Designed to help you get out of debt
  • YNAB website claims average user saves $600 in their first two months and more than $6,000 in their first year
  • Syncs to your bank accounts and credit cards
  • Users can set goals, customize spending categories
  • Offers educational resources, such as budgeting advice and 100+ free workshops offered every week
  • Personal customer support
  • Security features include encrypted data, accredited data centers, third-party audits and more

Cons

  • Costs $84 per year or $11.99 per month
  • Customer reviews note that it takes longer to set up than other apps

Who’s this for? You Need A Budget (YNAB) is best for couples who want to find a way to give every single dollar a job to reach their goals a little faster. YNAB automatically syncs to your bank accounts, credit cards and investment accounts once you link them to the app.Unlike other budgeting apps which usually categorize your spending for you, YNAB users themselves choose where every dollar gets allocated according to their priorities and what is important to them. Couples who have a joint checking account can sync the account to YNAB to allocate their money to different spending categories.For these reasons, the app is favorable for anyone trying to get out of debt. According to YNAB’s website, the average customer saves $600 in their first two months and more than $6,000 in their first year of using the app.YNAB also offers educational resources, such as a budgeting blog, and superior personal customer support. Another big perk is YNAB’s 100+ free, live, online workshops offered every week by expert teachers.Our methodologyTo determine which budgeting apps offer the best user experience, Select analyzed over a dozen apps offered by the top companies in this market and looked at their pricing, features, user reviews and ratings.We narrowed down our ranking by only considering apps that sync transactions from users’ bank accounts, come with low (or no) cost to sign up, are easy to use and can be accessed on multiple devices so are accessible and compatible for most.The five apps we selected for this ranking are either free, offer a free version or have a free trial for users to test out before signing up.All of the apps in our round-up have a sizable number of user reviews and high ratings. Each app on this list has at least 1,000 reviews in both the App Store (for iOS) and on Google Play (for Android), as well as a rating over 4 stars (out of 5) on both platforms.Other factors we looked at included apps’ security features, user customization and educational tools offered.Catch up on Select’s in-depth coverage of personal finance, tech and tools, wellness and more, and follow us on Facebook, Instagram and Twitter to stay up to date.Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party. .