President Donald Trump announced on Tuesday that his administration is unveiling a new visa “Gold Card” to attract wealthy immigrants to the U.S.

“We’re going to be selling a Gold Card,” Trump said in the Oval Office while speaking to reporters. “You have a Green Card. This is a Gold Card. We’re going to be putting a price on that card of about $5 million and that’s going to give you Green Card privileges, plus it’s going to be a route to citizenship, and wealthy people will be coming into our country by buying this card.”

“They’ll be wealthy, and they’ll be successful, and they’ll be spending a lot of money and paying a lot of taxes and employing a lot of people, and we think it’s going to be extremely successful,” he continued. “Never been done before anything like this, but it’s something that we’re going to be putting out over the next two weeks.”

He said that the Gold Card will attract “very high level people” who create jobs.

“So you’re getting big taxpayers, big job producers, and we’ll be able to sell maybe a million of these cards, maybe more than that,” Trump said. “And if you add up the numbers, they’re pretty good. As an example, a million cards would be worth $5 trillion, $5 trillion. And if you sell 10 million of the cards, that’s a total of $50 trillion well, we have $35 trillion in debt. That’d be nice, so we’ll see.”

He said that the administration has already worked out the deal from a legal standpoint and that it is good to go.

President Trump announces the U.S. will replace the EB-5 program with a new “Gold Card.”

“They’ll be able to pay $5 million to the U.S. government. They’ll have to go through vetting, of course … The President can give them a green card — and they can invest in America and we… pic.twitter.com/xcJntSkHtm

— Rapid Response 47 (@RapidResponse47) February 25, 2025