I had an AS Visa with a $17K credit limit. Before I applied for a second personal card, I lowered my credit limit to $7000. I applied for the second personal card, and did not get approved on the spot. About two weeks later (why so long?), I got a letter from BoA saying that I was approved, but they were lowering my credit limit on card #1 to $5K and that my credit limit on new card #2 would be $17K. I now have 2 cards and was able to get the bonus on both.