Trump Accounts are tax-deferred investment accounts for children designed to jump-start financial security, according to members of the Trump administration at a Jan. 28 summit. Any child born between 2025 and 2028 can be gifted $1,000 in seed money from the federal government.

Visa is one of 12 companies partnering with the Trump administration on the scheme aimed at saving for children.

CEO Ryan McInerney reiterated the company's long-held stance that the Credit Card Competition Act was "very harmful" and "just simply not needed."

Forbes Advisor Canada runs down the virtues and drawbacks of the Simplii Financial Cash Back Visa, a credit card that's a great supplement to a Simplii no-fee banking package.