Visa is planning to allow cardholders to spend rewards on Trump accounts [View all]

Source: Business Insider

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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