Image courtesy of Thinkstock/luchunyu
Early January saw a ban lifted that prevented U.S. banks and credit card companies from doing business in Cuba, and MasterCard will be the first to take advantage of this new opportunity, the Associated Press reported via Foxnews reported. Starting March 1, the company's credit card will be a completely legal form of payment on the island of Cuba.
The announcement comes as President Obama recently announced the U.S.'s intention to restore normal diplomatic relations with the communist island.
While general tourism is still forbidden by the half-century-old trade embargo, those visiting relatives or American students will enjoy the most immediate benefit. An act of Congress is required to open the tourist floodgates.
MasterCard cited guidance from the U.S. Department of Treasury as helpful in getting the swipes accepted.
The kinks are still being ironed out, however. Purchase, NY-based MasterCard Inc., advised cardholder to contact their bank before hopping on the jet to Cuba and make sure the card will work on the island.
For the latest travel news, updates and deals, subscribe to the daily TravelPulse newsletter.
Topics From This Article to Explore
