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How long does status last?

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Hello. I'm kind of new to Marriott rewards, so I apologize if this question has been asked before (I couldn't find an answer here or on the MR website).

 

Let's say I hit Gold status in July 2014. When does that expire? July 2015 (so it's good for one year), or December 2015 (expires at a predetermined end-of-year time, kind of like airline status)? Thanks!

 

John


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