Trump Lauds Visa’s Move to Use Rewards for Savings Accounts (1)

President Donald Trump’s push to create accounts for children is getting support from financial firms including Visa Inc., which announced Wednesday that it will allow credit-card holders to use rewards points to fund those accounts.

The payment network will work with its bank partners to add the option of using rewards to save in so-called “Trump accounts,” Chief Executive Officer Ryan McInerney said during a Trump administration event. Trump called the move a “big deal.”

“It’s a simple and powerful way to turn rewards into savings to help families save for their children’s future through everyday spending,” McInerney ...