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Trump gold card expected to sell out: Here's what to know

CNBC Television· 2025-09-25 11:07

Program Overview - The US is introducing a new "gold card" program offering residency and a path to a green card for a $1 million unrestricted gift to the government [2][3] - The White House plans to make 80,000 gold cards available [1] - This program is being marketed with language similar to credit card privileges [5] Market Dynamics and Demand - The $1 million price point makes the US gold card one of the best deals in the global visa market, significantly lower than golden visa programs in Singapore ($7 million+), New Zealand (just under $3 million), and Bermuda ($25 million) [2][3] - Immigration attorneys and wealth advisors anticipate high demand, potentially selling out the available gold cards [1][9] - The biggest demand is expected from China, India, the Middle East, Brazil, and Mexico [3] - An estimated 7,500 millionaires are already expected to move to the US this year under existing programs, and the gold card is likely to attract even more wealth [4] Program Comparison and Concerns - The gold card program is presented as a faster, express lane compared to existing EB1 and EB2 programs, which have backlogs [8][9] - The EB1 and EB2 programs cost approximately $7,000 but have long waiting lists [8] - Concerns are raised about the potential loss of intellectual power from immigrants who might have previously entered through merit-based programs [10] - The gold card program is described as a new label for EB1 and EB2, not a completely new program [11] - The application process for the gold card is still unclear [12][13] Motivations for Participation - The wealthy are seeking backup plans and hedging their bets by obtaining residency in other countries [7] - The US gold card offers a quick and relatively easy path to residency with potentially light screening [8]