Hey if the CL is what you want... go for it. I know a lot of people talk about having grand interest rates and all, but that is for people who also have grand credit histories. Those of us who are rebuilding, and if I am correct you have an 01 B/K, have to deal with higher interest rates until we prove ourselves. Personally, I do not take interest rates to heart right now. 1. I do not have many options open to me (you may have more than I do with higher scores and an older B/K.) 2. The interest rate becomes a major problem if you carry over high balances. If you are not going to do that, then interest rates are not of a major concern as you rebuild.
There is a lot of negative things written here about Cap 1, but my experience has been that these comments most often come from people who have had long histories with the company, for example, back in the day when Cap 1 was not reporting CL. Folks who seem to actually enjoy the bank seem to be the ones who are newer card holders.
I have had one for just 5 months and I really enjoy them. Like with any CC, often the type of relationship you will have with the bank is at least 50% determined by how the customer treats the account. I do not make late payments I do not go over my limit, but I am sure if I do, I will catch hell from Cap1. THAT has been very well documented by a lot of people. But at least I know!
Like someone else suggested, you might want to try Chase, Cit, BOA... BUT do know they are NOT B/K friendly. That the age of the B/K and if you included them in it can play a role in the decision is something to which others might be able to speak. My B/K was in 03 and I have not been able to get anywhere near any of these banks.
*Note to self* Remember why and for how long you had to rebuild in the first place! One Day at a Time, One Day at a Time!