FILE-President Donald Trump holds the $5 million dollar Gold Card as he speaks to reporters while in flight on board Air Force One, headed to Miami, Florida on April 3, 2025. (Photo by MANDEL NGAN/AFP via Getty Images)
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President Donald Trump unveiled a new “gold card” featuring his face on the front.
Trump debuted the $5 million gold card aboard Air Force One as he traveled to Florida for a LIV Golf tour event at his resort on Thursday.
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What is the Trump ‘gold card’?
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Why you should care:
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President Donald Trump’s “gold card” would offer U.S. residency to people who invest $5 million in American businesses, according to Newsweek.
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Trump told reporters the cards would be out in “less than two weeks” but didn’t provide details of how people can obtain the cards and where they will be available for sale.
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When asked by reporters aboard Air Force One about the number of cards that have been distributed so far, Trump responded that he was the first one to have it, according to the New York Post.
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In March, Commerce Secretary Howard Lutnick claimed the “sale of 1,000 Gold Cards, raising $5 billion in a single day,” Newsweek noted.
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How is the Trump ‘gold card’ tied to the EB-5 visa program?
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Big picture view:
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President Donald Trump introduced plans in February to start selling the gold cards that will include “green-card privileges-plus” to refine the EB-5 visa program.
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The gold program is part of a broader effort to supplant the existing EB-5 immigrant investor visa with the new program.
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Newsweek noted that the EB-5 program requires applicants to pay between $100,000 and $200,000 in fees to the United States Citizenship and Immigration Service (USCIS), invest between $800,000 and $1 million, and create at least 10 jobs for American workers.
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The Source: Information for this story was provided by Newsweek and the New York Post. This story was reported from Washington, D.C.