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