Following in the footsteps of Shell Oil Co., Amoco Corp. has gone down the cobranding road in a joint program with Associates National Bank of Delaware, a Ford subsidiary.

The Amoco Visa card offers a rebate structure similar to that of the Shell MasterCard, introduced last year by Chemical Bank of New York. The customer gets 3% back for Amoco purchases and 2% on all general purchases, up to $70 per year. The cardholder still gets a 1% credit on all Amoco purchases after the annual cap is reached, no matter how much gas the cardholder charges.

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