Will redeeming my points for free parking affect my elite status? No, redeeming points will not affect on your elite status. Related articles How do I know how many points are required for a free day of parking? Will my points expire at the end of the Spot Club year? How do I redeem and use my anniversary points that were added to my account? My recent stay was just added to my account and I should now have a higher elite status, but it doesn't show. Why am I earning 4 points instead of 5 points per $1?