Hrm.. yeah, I'd probably look into this a bit more before I jumped into it. I feel like there has to be SOME kind of catch. Most of the credit card apps I get have the super low interest rate, then it jumps up to double or so after 6 months or a year. Maybe something like that is going on, it's hard to say without all the details.
If you have questions, you could always call them, ask whatever you can think of. I think I just have a natural distrust of credit card companies