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Trump’s $1M “Gold Card” Visa Sees Just One Approval as Hundreds Await Review
By Aurax Desk | April 24, 2026 | 2 min read
A controversial U.S. immigration program offering residency for $1 million has approved only one applicant so far, raising questions about demand, oversight, and its long-term viability.
U.S. President Donald Trump promotes the “Gold Card” visa program aimed at attracting wealthy foreign investors.
The Trump administration’s high-profile “Gold Card” visa program has approved just one applicant months after its launch, according to Commerce Secretary Howard Lutnick. The initiative, which allows wealthy foreign nationals to obtain U.S. residency in exchange for a $1 million payment and additional fees, has drawn significant attention but limited confirmed success to date.
Officials say hundreds of applications are currently under review, following an initial surge of interest that reportedly saw thousands sign up during pre-registration. The program requires applicants to pass background checks and pay a $15,000 processing fee, with the $1 million contribution positioned as a direct financial benefit to the U.S. government.
The “Gold Card” visa offers a fast-track pathway to U.S. residency for applicants willing to pay $1 million.
Promoted as a fast-track alternative to traditional immigration pathways, the “Gold Card” offers residency rights similar to a green card and a potential route to citizenship. Supporters argue it could generate billions in revenue and attract high-net-worth individuals, but critics say it effectively puts U.S. residency up for sale and raises ethical and national security concerns.
The slow rollout has fueled skepticism about the program’s appeal, with analysts suggesting the high price tag and legal uncertainties may be deterring applicants. Some legal experts have also questioned whether the executive branch has the authority to create such a visa category without congressional approval, raising the possibility of future court challenges.
Despite the criticism, Lutnick and other officials remain optimistic, noting that the vetting process is rigorous and ongoing. With hundreds of applicants still awaiting decisions, the administration maintains that approvals could accelerate in the coming months, potentially turning the initiative into a major revenue stream for the federal government.
Sources:CBS News, Reuters, AP News, The Hill
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