This thread would be more useful if it existed in the Beginners & Help board, where Newbies frequently visit. Where it sits now, it's literally next to the Announcement thread of the Merit system, which explains all of the details you mention in the original post.
Beginners & Help board: https://bitcointalk.org/index.php?board=39.0
Topic: Merit. How to change of rank from Jr. Member to Member? (Read 104 times)
Changing ranks also requires you to read the threads. 
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