Summary
Visa has partnered with President Donald Trump to offer a new investment account for children called the "Trump Account." This initiative allows Visa cardholders to direct credit card rewards into these accounts, aimed at building savings for children. The announcement has sparked online criticism and calls for a boycott, with some accusing Visa of political alignment with Trump.
Key Facts
- Visa is collaborating with President Trump on a new investment account for children called the "Trump Account."
- The account allows cardholders to use credit card rewards to save for their children's futures.
- The announcement was viewed over 11 million times on X and received mixed reactions.
- Some social media users are calling for a boycott of Visa, claiming political alignment with Trump.
- The Trump Accounts are for children born in the U.S. between 2025-2028 and come with an initial $1,000.
- Visa states this initiative supports financial inclusion and education.
- The Trump Account initiative has received bipartisan support and is IRS approved.
- The accounts aim to promote long-term investments and financial security for children.
