Overview
- The Trump Card program, announced in February 2025, offers residency, work rights and a path to citizenship for a $5 million investment by wealthy foreigners.
- Commerce Department data show roughly 68,700 applicants signed up within days of the trumpcard.gov launch, with registrations climbing toward 70,000 by mid-June.
- The initiative is designed to supplant the EB-5 investor visa program, which issued about 14,000 visas last year under minimum investments of $800,000 to $1.8 million.
- Lutnick’s team expects to issue tens of thousands of Trump Cards this summer and has projected that selling 200,000 cards could generate as much as $1 trillion in federal revenue.
- Immigration lawyers have challenged the program’s legality, arguing that issuing these residence permits without congressional approval may exceed presidential authority.