Applied and approved after telephone recon - asked to reduce limit on another open BoA card (Alaska) and move that line to the Merrill+.
I have two other open BoA cards in addition to the Alaska: a Travel Rewards card and a Cash Rewards card, both of which were product changed from earlier Alaska cards.
No physical card yet but I received two letters via US Mail letting me know I was approved and with info on credit line, APR etc. I feel like if they were going to cancel the card, they would have done it already.
780 FICO. No bank accounts or other balances with BoA or Merrill. Probably 8 apps in the last 12 months across all issuers.