J.Crew Rewards Card {what's the scoop?}

"Thanks!" to Smarty who suggested a {great} post topic: J.Crew's credit card and reward points. Smarty raised a lot of great questions for the post, including:

• Have cardholders received their most recent rewards card yet?
  Smarty mentioned that "in the last couple of threads, there have been murmurs about JC Card rewards points. Seems like the "winter 2008" have been "processed" (because accts are showing no or low points)"
• Do rewards points roll over from one cycle to the next?
• What are the benefits of the card? Any *new* benefits?
  
• How do current card members reach the "silver" status? What are the benefits of being "silver" with J.Crew?
  

If you are a J.Crew card member, do you know the answers to any of the questions above? If so, please share! :) Also, feel free to add any other additional information you think may be useful for another J.Crew Aficionada and Aficionado. Would you recommend opening a J.Crew credit card? ("Thanks!" in advance!) :)