Earning the Icon status is a big thing. You earn 5,000 reward points within a calendar year when upgraded to a Gap Icon account. So, here are a few things you will get – - Free shipping (two to three-day) with a purchase of $50 or more. - A quarterly bonus of 500 points. - One choose-your-own-sale day. - Free alterations of apparel purchased at the Banana Republic store or online.