They backtracked on that regarding non-promo credit (referrals etc) and gave a 1-year grace period.
FWIW, I've been very happy with DO, had a couple $5 VPSes there for 3-4 years and they've been remarkably reliable. One host migration, one SLA credit and lengthy failure analysis, and a bunch of notifications ahead of time for maintenance. More than I'd expect for most hosts in the price range.
Not the most powerful for your money, of course, but awesome if you need to run some services with a public IP and consistent uptime.