Visa is planning to allow cardholders to spend rewards on Trump accounts
Source: Business Insider
In a video address to a summit on "Trump accounts" in Washington, DC, on Wednesday, McInerney said that the company wants to "help families save for their children's future through everyday spending."
A Visa spokesperson said the company will be "working with our US financial institution partners to enable a new capability that will offer cardholders the option to direct credit card rewards into Trump Accounts."
"It's a simple way for families to turn rewards earned on everyday purchases into savings for their children's futures," the spokesperson said.
President Donald Trump mentioned the plan during his address to the summit, calling it a "big deal."
Read more: https://www.businessinsider.com/visa-trump-accounts-credit-card-rewards-2026-1
Trump: "I'm pleased to announce that Visa is creating a brand new platform that will allow credit card holders to deposit their cash back rewards directly into Trump Accounts. Where's the head of Visa? Thank you very much."
— Aaron Rupar (@atrupar.com) 2026-01-28T16:54:01.507Z
turbinetree
(27,123 posts)SergeStorms
(20,130 posts)but knowing how Trump operates, it could be true.
turbinetree
(27,123 posts)SergeStorms
(20,130 posts)or all restraints have been removed from his presidential grift.
What am I talking about?
He's never shown any restraint in his grifting! 🤣
turbinetree
(27,123 posts)mwmisses4289
(3,456 posts)since his name is on them?
Irish_Dem
(80,284 posts)graycampervan
(34 posts)Does anybody think that trump will EVER let go of the money spigot that is his supporters? Even out of office the family will keep that money coming in.
Irish_Dem
(80,284 posts)As soon as Trump came down the escalator, Jared knew there was big money in the Trump cult.
So he is the mastermind money guy who monetized everything from the very beginning.
Once Trump was in the White House he went into hyperdrive and monetized everything he could
get his hands on.
During covid, Kushner was selling everything in the federal warehouses to rich foreigners.
Medicine, ventilators, etc.
Kushner famously said all those supplies belonged to him to sell.
BidenRocks
(2,902 posts)we have Master Card and Discover.
Amex?
Boycott Visa! That's easy!
twodogsbarking
(17,762 posts)Vinca
(53,476 posts)Faux pas
(16,200 posts)nwduke
(491 posts)To put money into anything with Trumps name on it!- - - - Dont answer that! (Hint, trump steaks, Trump wine, trump watch, trump tennis shoes! Trump is living proof that a conman doesnt have to be smart if his cult followers are stupid enough!
PatSeg
(52,429 posts)Possibly the dumbest business move I can think of.
Griefbird
(128 posts)taxpayer money to buy votes just because he feels like it. I want some too.
MichMan
(16,792 posts)mdbl
(8,197 posts)just to get back 1 or 2% for their rewards.
Lemon Lyman
(1,573 posts)Too bad the Costco cc is a visa.
enigmania
(409 posts)not fooled
(6,618 posts)The accounts might actually be legit in the sense that red don isn't going to have access to them. IIRC the scheme is that big financial institutions want to con 'Muricans into letting the gubmint, dumbass 'Muricans, and apparently select participants such as Visa funnel money into "private accounts" on Wall Street that will eventually supplant Social Security? So the con is that Wall Street gets its vig and Social Security gets privatized. krasnov is sticking his name on these accounts but the evil aholes behind P2025 are designing these things.
What a dumb country.
KPN
(17,193 posts)Farmer-Rick
(12,530 posts)From the link:
"Visa just made an announcement about Trump accounts that the president called "a big deal."
Visa says it will allow cardholders to direct credit card awards into Trump accounts.
Oh, I get it. It's the sure to fail, Trump stupid ass con of cheap little retirement accounts. Not actually giving your reward points to the pedo.
Yeah those measly little award points are going amount to nothing.
pioche4
(179 posts)Rocknation
(44,995 posts)Rocknation