When you reach 80k select miles, you get the possibility to exchange up to 20k award miles for up to 10k status miles at a ratio of 2 award miles for 1 status mile.
With the M&M credit card, the same possibility exists but at a ratio of 5 award miles for 1 status mile. In addition, you need to have accumulated the award miles that you intend to exchange (up to 25k) with your credit card.