Trump's Gold Card Visa Flops: No Takers Despite $1M Hype 2026

Written by

Mynaz Altaf

Fact check by

Shreya Pandey

Updated on

Jun 23,2026

Trump's Gold Card Visa Flops: No Takers Despite $1M Hype - TerraTern

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The flashy Gold Card visa offered by Trump guaranteed swift residency in the US for $1 million. In a week, not a single well-to-do Indian bites. Why is haze over permanent residency a hype killer? The true picture is elaborated by immigration lawyers. The Trump Gold card visa came with big expectations, only to get a cold shoulder. This is a $1 million program that was rolled out one week ago by the Trump administration. The Indians who are rich do not come because of vague rules.

 

Program Basics of Trump's Gold Card Visa

The Gold Card visa is aimed at rich foreigners. People spend over 1 million dollars and 15,000 as a processing fee. There are corporations that pay up to 2 million dollars per employee. The platinum level of 5 million years has 270 days of annual stay in the US with no foreign income tax. This requires approval by Congress. Children below 21 and spouses pay an additional fee. Upon being vetted, applications pass through trumpcard.gov. It was a Green Card, but better, Trump called it. Billions of revenue and thousands of sales were predicted by Commerce Secretary Howard Lutnick.

Also Read: US Issues Over 1 Million Non-Immigrant Visas to Indians

Why Low Interest?

Experts in U.S immigration refer to vague phrases and a lack of a definite permanent residency route. There is no clearly established road to permanent residence or citizenship, as Keshav Singhania of Singhania and Co. explains, and Poorvi Chothani, one of the leading attorneys, says that she has not received any enquiries. She drives clients to EB-5: You are going to be held up in EB-1 and EB-2 queues anyway. 

The nation observes that there is interest but no action. The ultra-rich might be brand-oriented rather than results-oriented, but the pool remains small. Legal hurdles loom. The program is included in the new visa-free EB-1/EB-2 backlog categories. It can take weeks to be processed, and there are countries where it can even take a year.

 

EB-5 Stays Hot on Trump's Gold Card visa

EB-5 investor visa prospers regardless of shortcomings. Investors would invest $800,000 in specified regions or $1.05 million everywhere. Must create 10 US jobs. US with 10,000 annual country capped (700) (incl. dependents). India and China are the giants in demand. Applications were high in 2025, primarily rural/high-unemployment projects. India is retrogressive; the Unreserved backlog can be eliminated within 5 years.

Visa Type

Investment

Job Creation

Annual Visas

India Backlog

Trump Gold Card

$1M individual / $2M corporate

None

Uncapped but tied to EB-1/2

High risk of delays

EB-5 (TEA)

$800K-$1.05M

10 jobs

10,000 total (700/country)

4-10+ years

EB-5 Rural

$800K

10 jobs

Priority access

4+ years of demand

Also Read: Immigration Groups Prepare for Potential Second Trump Administration

Gold Card vs EB-5 Breakdown

Gold Card evades job creation yet requires more cash as a gift to the Treasury. Status quo, procedure overseas. EB-5 creates jobs and infrastructure. Specialists prefer EB-5 because it is successful. Gold Card runs the risk of fraud and legal anarchy because it does not go through Congress. In India, demand for EB-5 reached a record high in 2025, according to FOIA data.

Feature

Gold Card

EB-5

Cost

$1M+

$800K-$1.05M

Path to Green Card

Vague, EB-1/2 tied

Direct after I-526 approval

Processing

Weeks (claimed)

Years with backlogs

India Demand

Zero so far

Surging

Trump's Gold Card visa Launch Timeline

The Trump Gold Card visa came on the scene on December 10, 2025, and made big promises of a quick US entry for the rich. A week later, interest remains unchanged amongst the high-net-worth folks of Indian origin. Experts fault the hazy permanent residence information on the stall.

  1. Pre-Launch Hype (Nov-Dec 2025): Trump sells it as a more improved Green Card; Lutnick sees billions in sales.

  2. Application Open (Dec 10): Trumpcard.gov opens; a fee of $1M will be charged; no Indian formal applications have been announced.

  3. Week 1 Reality (Dec 17): EB-5 grabs headlines, lawyers express curiosity, no promises made.

  4. Future Prospects: The legal tangles and backlog can continue to keep the demand low until the clarification of the rules.

Also Read: Trump's Re-election Signals Potential Overhaul of H-1B Visa Program

 

Conclusion

The Trump Gold Card visa does not attract crowds even with its courageous launch. A month later, a week after opening on December 10, 2025, the $1 million program has no takers among Indian investors who are cautious about the ambiguous permanent residency regulations. Even amid the backlogs, EB-5 is the one that can be relied upon with its tested and proven route. The wealthy people do not want to be misled by the Trump administration. The tweaks in the future might be of interest on the side, but at the moment, Gold Rush remains a bust. Apply for the Trump Gold Card visa at the official site. To know more about Trump's gold visa, visit TerraTern now!

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At TerraTern, we adhere to a stringent editorial policy emphasizing factual accuracy, impartiality, and relevance. Our content is curated by experienced industry professionals, and reviewed by editors to ensure high standards.

Frequently Asked Questions

What is the Trump Gold Card visa?

The Trump Gold Card visa is a new US program launched on December 10, 2025. It offers wealthy foreigners a fast-track to residency for $1 million. Individuals pay this fee directly to the Treasury. Spouses and kids under 21 can join for extra costs.​

How much does the Gold Card visa cost?

Individuals face a $1 million fee plus a $15,000 processing charge. Corporations pay $2 million per employee. A Platinum option at $5 million allows 270 days yearly in the US tax-free on foreign income. Congress must approve the Platinum tier.​

Does the Gold Card guarantee a green card?

No, it lacks a clear permanent residency path. It ties into backlogged EB-1 or EB-2 categories. Experts call the guidelines too vague for comfort. Applicants risk long waits like other employment visas.​

Why is there low interest in the Gold Card visa?

Indian high-net-worth individuals show zero formal applications after one week. Immigration lawyers report curiosity but no commitments. Unclear rules on residency and citizenship scare off investors. EB-5 offers a more reliable alternative.​

How does EB-5 compare to the Gold Card?

EB-5 requires $800,000-$1.05 million invested in US projects creating 10 jobs. It provides a direct green card path after I-526 approval. Gold Card demands higher cash with no job creation. EB-5 demand from India surges despite backlogs.​