Originally Posted by longtimeflyin

Thanks, so I signed up for the Perkopolis offer thanks to help from Flyertalk. The terms specifically say

" Say YES to the American Express® Gold Rewards Card – As a Perkopolis Member, pay a $150 annual fee* and receive a statement credit of $150 when you spend $1,500 in your first 3 months of Cardmembership2. Plus, receive an additional 2,500 Membership Rewards points annually upon renewal**. "

I understand that if one drops below $1500 (say after a refund) that they pull the 25,000 MR points, and that makes sense. But do they yank the statement credit as well?