For a $5 million contribution, foreign high-rollers can now also avail of a "Platinum Card," which comes with tax benefits.

Trump announced the card on Wednesday during a roundtable event at the White House. According to the president, the "gold card" can be purchased for $1 million for individuals and $2 million for corporations.

Donald Trump has launched a new ‘Gold Card’ visa allowing wealthy foreign nationals to secure expedited US residency for $1 million, with higher fees for corporate sponsors and a proposed $5m ‘platinum’ option.