Florida’s Stonegate Bank to issue first US credit card for use in Cuba

Posted on:15 Jun 2016 17:40:10
Florida’s Stonegate Bank to issue first US credit card for use in Cuba
15 June 2016 Current Affairs: Florida-based Stonegate Bank on 14 June 2016 issued a new credit card that will allow Americans to use it in Cuba during their visit to the country. The card will help the US visitors to avoid the Cuban 10-percent penalty on the dollar.

Pompano-beach based Stonegate is also the first US bank to introduce a debit card for use in Cuba.

The bank announced that US travelers will be able to use its Mastercard to charge purchases at Cuban state-run businesses and some private businesses, starting 15 June 2016.

Initially, the bank will issue only 1000 cards and each card will feature artwork by celebrated Cuban painter Michel Mirabal.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs December 2017

14 DECEMBER
NEWS
13 DECEMBER
NEWS
12 DECEMBER
NEWS
11 DECEMBER
NEWS

Current Affairs November 2017

30 NOVEMBER
NEWS
29 NOVEMBER
NEWS
28 NOVEMBER
NEWS
27 NOVEMBER
NEWS

Current Affairs October 2017

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS