Yes, once you reach a new tier, you retain that tier and its benefits for the remainder of the current calendar year (Jan. 1 – Dec. 31) and the following calendar year. After that, you must requalify for your tier or reach the next tier by earning new points. Your point total resets each calendar year.
For example, if you earn 500 points in 2024 you will reach the Insider tier. In January 2025, you will still be an Insider, but your points will reset. If you earn 500 points in 2025, you will retain your Insider status for 2026. If you earn 1,000 points in 2025, you will reach the Exclusive tier and enjoy its benefits through 2026. If you do not earn 500 points in 2025, you will revert to the Member tier in 2026.
Visit The Chipper program terms page for full details.