You can increase your status level by earning a set number of rare and above trophies and purchasing a set number of full games from the PlayStation Store. See below for details:
||Purchase one full game from PlayStation Store and earn one rare and above trophy.
||Purchase two full game from PlayStation Store and earn 32 rare and above trophies.
||Purchase four full game from PlayStation Store and earn 128 rare and above trophies.
‘Full-Game’ means a paid for digital game purchased and downloaded from PlayStation Store and classified as ‘full game’ or ‘premium edition’ on the game page. It excludes free games, games for $0.00 or equivalent, free trials of games, games included in PlayStation Plus for subscribers, demos, DLC, add-ons or any other purchase from PlayStation Store. Bundles that include one game or more, or bundles that include a game and upgrades, other versions, add-ons, DLC, avatars or other items will count as one ‘Full-Game’. All other bundles that do not include one game will not count as a ‘Full-Game’.
‘Rare and above Trophies’ include those trophies with rarity values of rare, very rare and ultra-rare at the time of earning and can be from any game you already own. Learn more about trophy setting here.