How is it more difficult to get a LOC? You have collateral (equity), so isn't it pretty much guaranteed?
After I got declined from Capital One, I got another offer from them (via mail) for a $1000 limit card was 19% APR.
Unless there's something I'm missing, I'd much rather pay a low APR (at this point, it's more than half of what a normal "starter" card is), especially if there's no cost to me to get one. That site flat out said "no costs" and went on to explain (in the paragraph I quoted) the "catches", if any.
The higher limit may pose a threat since I might be tempted to run it up, but I've got a lot more sense than that after seeing many people utterly ruin their lives from these things
I'm just making 100% sure that there isn't any catch that I'm not currently aware of, or in other words, a reason why I SHOULDN'T get it, because that low APR w/ the high limit looks very appealing!