The 'gold card' visa program, introduced by former US President Donald Trump, aimed to create an expedited pathway for wealthy individuals to gain residency in the United States. The visa comes with a hefty price tag of $1 million per person, or $2 million for companies seeking visas for employees, alongside a $15,000 vetting fee. Despite initial expectations that it could generate up to $100 billion for the US government, interest has been shockingly low, with only one application approved since the program's inception. Commerce Secretary Howard Lutnick had previously stated that around 80,000 gold cards would be available, emphasizing that the program seeks to attract 'extraordinary people.' However, as of now, the administration has only approved one unnamed individual. The application process, which began in December, is described as rigorous, with Lutnick claiming there are 'hundreds' of potential applicants in the queue. Additionally, a platinum version of the visa is set to launch soon, priced at $5 million, allowing holders to stay in the US for up to 270 days without being taxed on non-US income. The 'gold card' is intended to replace existing employment-based visas, such as EB-1 and EB-2, which are granted to individuals with advanced degrees or extraordinary abilities.