ated with the American economist Thorstein Veblen who, in his 1899 classic The Theory of. the Leisure Class, coined the term conspicuous consumption to describe consumption that is. motivated by an attempt to advertise wealth.
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1 There is no cap on the maximum number of Status Credits you can earn. 2  Lifetime status. 3  The Status Credits you earn during each membership year contribute towards your lifetime status, and as soon as you reach the 14,000 credits mark you get the Gold recognition for life.oving from silver to gold status in the Qantas Frequent Flyer program gives members the ability to make use of a variety of added benefits, but making the switch requires that you earn at least 700 Status Credits in one membership year.