I received my card yesterday and I too had applied to max out the 250 bonus as well. I purchased GC's and first statement closes on 28th Nov. I think I'll make the cut.
Most likely I'll keep the card for long - 350 fee with 250 back is quite a sweet deal. I do have a Thank You Premier since many years(never had to pay annual fee) but got this one primarily for the Priority Pass benefits.