HUNT VALLEY, Md.— Visa announced it plans to find a way to allow its cardholders to deposit credit rewards into the newly announced “Trump Accounts” for kids.
The company said in a statement that directing the benefits into the retirement accounts, which are available for children born between 2025 and 2028, will help families save for their kids’ futures.
“Visa will be working with our U.S. financial institution partners to enable a new capability that will offer cardholders the option to direct credit card rewards into Trump Accounts,” the company said. “It’s a simple way for families to turn rewards earned on everyday purchases into savings for their children’s futures.”
About the Accounts
As the CU Daily reported here, the new accounts were created through last year’s One Big Beautiful Bill Act, the federal government will deposit $1,000 into a tax-advantaged investment account for every child born between Jan. 1, 2025, and Dec. 31, 2028, provided parents elect to open the accounts when filing their taxes. The accounts will be invested in low-cost U.S. stock index funds and held until the child turns 18, according to the administration.
