I'll fess up to my Cap1 misadventure. This is not advice, just the truth.
In 2000 I had a Cap1 CC account that went derog. It was charged-off.
In 2005(?) Cap1 offered me ANOTHER CC, $500 CL, I think.
In 2007 the old Cap1 CO dropped of my CR .
My current Cap1 CL is $2k.
So, I had a Cap1 CO AND a Cap1 CC at the same time.