Overview
- The TrumpCard.gov site opened June 11, registering over 15,000 applicants from eight global regions within 24 hours.
- Applicants must pay $5 million for a ‘Trump Card,’ which grants fast-track permanent residency but does not guarantee U.S. citizenship.
- The administration says the program needs no congressional approval because it provides only a route to citizenship, not citizenship itself.
- Marketed as a successor to the EB-5 investor visa, the scheme removes job-creation requirements and may include tax advantages for cardholders.
- Critics point to minimal site details, unclear vetting and warnings from law enforcement about money laundering and corruption risks.