Visa to Allow Credit Card Rewards into Trump Accounts for Child Savings
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CNBC TV18•29-01-2026, 09:25
Visa to Allow Credit Card Rewards into Trump Accounts for Child Savings
- •Visa announced US credit cardholders can direct rewards into Trump Accounts, a new child-focused savings and investment program.
- •Trump Accounts, established by the One Big Beautiful Bill Act, provide a $1,000 government contribution for newborns between 2025-2028, invested in US equity index funds.
- •Parents, relatives, and employers can contribute up to $5,000 annually per child, with funds accessible only after adulthood for uses like tuition or home down payments.
- •The program aims to introduce children to long-term investing, managed by private banks with low fees, and is welcomed by President Donald Trump.
- •Several major companies, including Uber, Intel, IBM, Nvidia, and Steak ’n Shake, have pledged to participate by contributing to employees’ children’s accounts.
Why It Matters: Visa will enable credit card rewards to fund Trump Accounts, boosting child savings and long-term investing.
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