First US credit card for use in Cuba

Pompano Beach-based Stonegate Bank announced they will issue the first U.S. credit card intended for use in Cuba. The card's utility will be limited for the moment but it will be a huge step into enabling U.S visitors to avoid bringing cash all the time. The Cuban government is exempting the cards from the 10 percent government penalty on dollar transactions, so this is a the cheapest way for travelers to use the dollars in the island.