On April 23, 2026, at a hearing before the House of Representatives’ Appropriations Committee, Secretary of Commerce Howard Lutnick said that just one Trump Gold Card, under an executive order issued in September 2025, has been approved so far, but that “there are hundreds in the queue that they are going through.”
According to its website, the Trump Gold Card allows an individual to immigrate into the United States by paying $1 million, plus a nonrefundable $15,000 processing fee. A corporation can pay $2 million per employee plus a 1 percent annual maintenance fee. In December 2025, when the card was launched, Mr. Lutnick said that $1.3 billion in Gold Cards had been sold in just a few days. Previously, he said on the “All-In Podcast” on March 20, 2025, that “yesterday, I sold a thousand” of the cards before the program officially launched. At a cabinet meeting last year, Mr. Lutnick predicted that $1 trillion would be raised under the program.
The Trump Gold Card website also mentions a future Trump Platinum Card, which would allow an individual to pay $5 million (plus a $15,000 processing fee) to spend up to 270 days in the United States without being subject to U.S. taxes on any non-U.S. income.
It is unclear how the proceeds from the cards will be spent. At the hearing, Mr. Lutnick said, “That will be determined by the administration, and its terms are for the betterment of the United States of America.”
