Cash Management For A Cuba Cruise Vacation

Cuba is a vibrant island full of sunshine and salsa, where travellers can sample local cigars and mojitos, cruise along narrow streets in vintage cars, and capture photos of pastel-shaded historical buildings. However, access to cash in Cuba can be difficult, especially for Americans, as U.S.-issued bank cards are not accepted and Western Union is only available for Cuban citizens. It is recommended to bring enough cash to cover all expenses, including accommodation, food, drinks, and entertainment, as well as some extra for souvenirs and unexpected costs. Most expenses will be paid for in the local currency, the Cuban Peso (CUP), but some vendors may accept U.S. dollars, euros, or other foreign currencies. It is important to note that there is a 13% fee for exchanging U.S. dollars, while other currencies such as euros do not incur this fee. Additionally, prices in Cuba can vary depending on the season, with the dry season being more expensive than the wet season. Therefore, it is advisable to research and plan accordingly.

How much cash to take on a Cuba cruise

The amount of cash you need for a Cuba cruise depends on your spending habits and preferences. Most cruise lines are considered a "cashless society", where purchases are charged to your cabin via your room key or ship ID. However, you can use cash in most places, including bars, the spa, casino, and shops.

Onboard Expenses

Onboard, you may want to budget for specialty dining, massages and spa treatments, laundry services, babysitting, alcoholic drinks, additional food items, WiFi, gambling, onboard activities, and photography. These expenses can range from $5 to $200 per item or service.

Port Expenses

In port, you will likely need cash, especially in foreign ports. Using cash can save you money on foreign transaction fees and is useful in places that don't accept credit cards, such as small shops or taxis.

Tipping

Tipping culture varies depending on your destination. In North America, 15%-20% is standard, while in Europe, tips are generally not required but are appreciated for excellent service. In Australia, tipping is less common, and in Japan, it can be considered rude.

Budgeting for a Cuba Cruise

For a Cuba cruise, it is recommended to budget more for port days than sea days. For an average Caribbean cruise, this could mean bringing $100-200 per day in port and $0-$50 per day at sea (unless you plan to gamble).

Managing Your Cash

It is generally recommended to leave most of your cash in the safe in your stateroom, along with important documents and cards. When travelling, it is a good idea to distribute cash and cards among different members of your group and only carry what you need.

Currency in Cuba

Cuba has a reputation for being an expensive destination, and you may find it pricier than expected due to monetary rules, restrictions on private businesses, and the trade embargo imposed by the US.

While on the island, you will use the Cuban Peso (CUP) for all transactions, and your debit and credit cards will not work. It is recommended to bring paper currency, with estimates ranging from $20 to $120 per day for food and activities.

Specific Expenses in Cuba

Accommodation in Cuba can range from $26 to $150 per night, while transportation costs vary depending on the mode of travel. Food costs can range from a few cents for street food to $35 for a fine dining experience. Activities in Cuba can include tours, horseback riding, hiking, and beach visits, with prices ranging from $23 to $85.

When planning a Cuba cruise, it is essential to consider your spending habits and preferences to determine how much cash to bring. While onboard, you may not need much cash, but in port, it is generally recommended to have $100-200 per day. Additionally, don't forget to budget for any expenses specific to your Cuba itinerary.

How to budget for a Cuba cruise

Step 1: Research Cruise Deals

The cost of a cruise to Cuba can vary depending on factors such as the departure port, cruise duration, cruise line, and time of year. To find a good deal, consider booking during the off-season, which is typically from mid-May to the end of October. You can also look for last-minute deals or opt for older ships from well-known cruise lines, which tend to be more affordable.

Step 2: Estimate Onboard Expenses

Onboard expenses can include meals, drinks, entertainment, and any additional services or activities you plan to purchase during the cruise. Research the cruise line's pricing for these items and factor that into your budget.

Step 3: Plan for Port Expenses

When the cruise ship docks at different ports in Cuba, you will have the opportunity to explore and spend money onshore. Research the prices of activities and attractions at each port of call and budget accordingly.

Step 4: Calculate Travel Costs to and from the Departure Port

Depending on the departure port for your cruise, you may need to factor in travel costs to and from that location. This could include flights, transportation to the port, and any associated fees.

Step 5: Create a Daily Budget

Based on the information gathered in the previous steps, create a daily budget that outlines how much you plan to spend each day during your Cuba cruise. This will help you stay on track and avoid overspending.

Step 6: Bring Multiple Forms of Payment

It's important to note that US dollars may not be accepted in Cuba, and credit and debit cards may not work. Consider bringing other forms of currency, such as euros, Canadian dollars, or British pounds, which are more widely accepted.

Step 7: Be Aware of Additional Fees

When creating your budget, don't forget to include any additional fees, such as taxes, port expenses, and gratuities for the cruise staff. These can add up and impact your overall budget.

Step 8: Book in Advance

To secure the best deals and ensure availability, it's recommended to book your cruise and any desired shore excursions well in advance. This will help you stay within your budget and give you peace of mind.

Step 9: Compare Prices

Use price comparison websites or travel agents to compare prices for cruises, accommodations, and activities. This will help you find the best value options and stay within your budget.

Step 10: Be Flexible

Finally, remember that your budget may need to be flexible. Unexpected expenses may arise, or you may find that you want to spend more on certain experiences. Have a buffer in your budget to accommodate these situations.

How to access money in Cuba

Currency in Cuba

The Cuban Peso (CUP) is the primary currency in Cuba. In 2021, the Cuban Convertible Peso (CUC) was eliminated, leaving the CUP as the country's sole official currency. The Cuban peso is held at a fixed exchange rate, which has led to the establishment of a "black market" for foreign currency with a more favourable rate.

Exchanging Money in Cuba

It is recommended to bring foreign cash to Cuba, preferably Euros or US Dollars, and to exchange money informally once you arrive.

Where to Exchange Money

If you are staying in a casa particular or Airbnb, your host will likely be able to direct you to an informal money changer. Alternatively, you can ask staff at restaurants or bars if they know of any.

Things to Keep in Mind

• Do not exchange all your money at once.
• Only carry the amount of cash you need at any given time.
• Make sure your cash is in good condition, with no tears or marks, or it may not be accepted.
• US dollars are in high demand in Cuba and can be exchanged unofficially for a better rate.
• There is an additional fee for exchanging US dollars, so if possible, avoid exchanging your home currency for US dollars before your trip.
• Credit and debit cards affiliated with American banks will not work in Cuba due to the US embargo. Cards from other countries may work, but there are very few businesses that accept card payments.

How Much Cash to Bring

It is recommended to bring more cash than you think you will need. For a typical one-week trip, exchange no more than $40-50 USD at a time. For a one-day trip, around $60 should be sufficient, while for longer trips, $100 per day is recommended.

Using Money in Cuba

US dollars and Euros are widely accepted in Cuba and can be used for small purchases and tipping. However, it is beneficial to have some CUPs for certain purchases, such as drinks at bars or short taxi rides. Prices in shops and most businesses are posted in Cuban Pesos, so using CUPs will ensure you are paying the same price as locals.

Tipping in Cuba

Tipping is common in Cuba and is usually done in USD or Euros. Here are some recommended tipping amounts:

• Maid service: $2-3 per day
• Tour guides: $5-10
• Street musicians: $1
• Restaurant waiters and bartenders: 10% gratuity

The cost of food and drink in Cuba

On average, the prices of popular drinks in Cuba are as follows:

• 1.5-litre bottle of water: $3
• Piña Colada: $6-7
• Coconut water: $3
• Ropa Vieja (boiled and shredded meat): $8
• Arroz y frijoles negros (rice and black beans): $4
• Arroz imperial (imperial rice): $10
• Sandwich cubano (Cuban sandwich): $6
• Pan con lechon (roasted pork sandwich): $6
• Masas de cerdo fritas (fried pork chops): $7-9
• Bistec de cerdo (pork steak): $7-9
• Arroz con leche (rice pudding dessert): $4

If you're looking to save money, street food is the way to go. "Peso Food" typically comes from street vendors or small restaurants, who accept payment in CUP. This means you can get a whole pizza, fresh fruit juice, and an egg and cheese sandwich for less than a dollar.

Shopping at a local market that takes CUP will be even cheaper, but the experience itself might leave you frustrated, confused, and overwhelmed. Items are limited and often nowhere to be found, and stores are overcrowded.

Eating out is an easy and affordable way to dine. Even splurging at a fine restaurant averages a cost of $35 per person, and that covers a three-course meal and drinks.

Breakfast will be the most inexpensive meal with a coffee starting at $2 in a café or mere cents on the street. A popular breakfast food is bread soaked in coffee and warm milk and runs for $2. Keep in mind, many establishments don’t open their doors until noon so if your accommodation offers breakfast, you should indulge onsite.

Lunch is usually a simple and basic meal, consisting of a frita or arroz con huevos and will typically cost about $8 with a drink.

Dinner will be your priciest meal, especially if you feast at restaurants that are popular with tourists. A typical Roja vieja or various fish dishes start at $18. Domestic and international beer costs $2, cocktails average $4, and wine starts at $2.

Overall, you can expect to spend $40-$120 per day in Cuba, excluding flight tickets and accommodation.

The cost of accommodation in Cuba

For travellers on a tight budget, "casas particulares" (private houses) are a great option, with prices as low as $10 per night. These homes offer a unique and culturally immersive experience and are often run by Cuban families who provide valuable insights into the local culture and attractions.

If you're looking for a mid-range option, hotels and resorts typically start at $100 per night and can go up to $800. These accommodations provide more amenities and comforts without breaking the bank.

For those seeking a luxurious experience, there are elegant hotels and boutique hotels in Cuba that offer sophisticated decor, rooftop bars, pools, and spa treatments. These upscale accommodations can range from $150 to $800 per night.

Additionally, Airbnb options are available in Cuba, with prices starting from $26 per night for a private apartment or room in a local home.

When planning your trip, it is important to consider the location as well. Cities like Havana, Varadero, and Trinidad tend to be more expensive, while smaller towns and rural areas offer more affordable options.

Overall, accommodation in Cuba can range from $10 to $800 per night, depending on your budget, preferences, and choice of location.

Frequently asked questions