Spend $1,000 or more on merchandise or services at JCPenney Stores or jcp.com with your JCPenney Credit Card in a calendar year to earn or maintain JCPenney Platinum Status. For the JCPenney Mastercard, Gold/Platinum Status is determined within two billing periods of meeting purchase threshold. We reserve the right to change or cancel the JCPenney Gold/Platinum Program or any or all of its.