As someone obsessed with loyalty programs, I do everything I can to maximize the benefits associated with the status I earn. After all, earning status comes at a cost (both in terms of time and money), so not maximizing benefits is like throwing away money.
No matter how hard I try, I’ll never do a perfect job maximizing these programs, though I’m especially embarrassed by how many upgrades I’m having go to “waste” next week.
Most loyalty program status is earned on a calendar year basis, though typically there’s some grace period before the status expires. In the case of American AAdvantage and Hyatt Gold Passport, earned status for this past program year is valid through the end of February. The same is true of the upgrade instruments earned with those programs.