I couldn't find the link to reach the Privileges page. So my question is: is there no link/button that does that or I just couldn't find it?
+1,because i was also facing the same problem!!– Vijin PaulrajMar 4, 2012 at 18:35
The way I always find the privileges page is:
go to the Help Center (which is linked from the drop-down menu which is always at the top right of the screen on every page on the site)
scroll down to the "Privileges" section and click on "View a full list of privileges you can earn"
There you'll be able to see a list of all privileges, both those you've earned and those you haven't.
One way will take you two clicks:
Click the Badges button on the ribbon
On the Badges page, click the Privileges link in the window at the top-right