Hi everyone!

I have a question about Cathay's Status points. I've accumulated 275 status points, and will expire on Dec 31, 2023. What can I do with it?

From what I know I can do:
Option 1: 200 pts redeem 1 business class lounge pass
Option 2: 300 pts can upgrade to Silver status but I'm 25 pts short

Concerns I have with both options:
Option 1:
- I normally redeem Asia Miles for YYZ to HKG J class so I don't really need a lounge pass. However, I fly between HKG and TPE/TYO/SEA countries in Y sometimes, so this might come in handy.
- If I go with this option, essentially I will be forfeiting the remaining 75 pts
- When does the lounge pass expire?

Option 2:
- Is the Silver status worth chasing? I have an upcoming trip in September. I still need to purchase flights for HKG to KUL and KUL to SIN in Y.
- When does the Silver status expire?

Thanks