Trump plans to offer ’gold cards’ for $5 million path to citizenship, replacing investor visas

US President Donald Trump is planning to make it easier for rich immigrants to get American citizenship via so-called "gold cards" that could be bought for $5 million. The American President said these "gold cards" would convey green-card residency status and a path to American citizenship to foreigners and predicted that one million cards would be sold.

According to Mr Trump, the initiative could quickly pay down the national debt. He told reporters he will replace the "EB-5" immigrant investor visa program, which allows foreign investors of large sums of money that create or preserve US jobs to become permanent residents, with a "gold card."

The EB-5 program grants "green cards" to foreigners promising to invest in US businesses.

"We are going to be selling a gold card...We are going to be putting a price on that card of about $5 million," Mr Trump said.