As many Canadians travel to Cuba each year, it is important to know how currency and methods of payments are accepted while you are down there. As previously mentioned in our newsletters and mailings, Credit Union MasterCard was purchased back in 2007 by MBNA, a subsidiary of Bank of America. As a result, Credit Union MasterCard will NOT be accepted as a method of payment on excusions and other items while in Cuba.
Although members have the benefit of using their ATM card to make purchases all across Canada and selected locations in the United States, we do not have the network available to approve Point of Sale transactions in Cuba. Members may still use their ATM card at ATM Locations in Cuba displaying the PLUS symbol; however, ATM machines in Cuba are scarce, and may seldomly be maintained.
Your best alternative when travelling to Cuba would be to bring enough cash with you to do everything that you will want to do. ATM machines may also be available at the Airport when you arrive in Cuba. If you have been to Cuba, and wish to share your experiences, feel free to comment below.
Remember to continue to read our blogs, newsletters and monthly mailings for important information that may affect you or your finances.