Michaels launched a credit card which promises huge savings on glitter and glue. However, there is a small rewards-redemption window so only the most crafty shoppers will be able to reap the rewards.

Image courtesy Michaels

Comenity Bank issues the $0 annual-fee Michaels Credit Card. It earns 9% in rewards for purchases made in-store or online at the retailer. Cardholders will also be able to enjoy the following perks:

  • Get a 20% discount on your first purchase with the Michaels credit card.

  • Free shipping for orders below $0

  • Special financing offers by periodicity.

Cardholders need to be members of the free-to join Michaels Rewards loyalty program in order to receive rewards.


The Michaels Credit Card does not provide the 9% reward rate. Michaels already offers 3% rewards in its rewards program. Members who have spent $300 or more at Michaels in the last 12 months are eligible to receive 6% back. The Michaels credit card will give you an additional 3% boost if you already earn 6% back on Michaels purchases.

Is there a better deal on the Michaels Credit Card?

The opportunity to get 9% back in rewards seems like a dream come true. There are some caveats to this promise that could dimen the sparkle.

First, the Michaels Credit Card has a closed loop design that allows it to be used only at Michaels. The rewards you earn can only be redeemed at Michaels. You’re not earning cash back, but 9% in store rewards. )

It will also require tracking. You will receive a reward voucher via email 72 hours after you have reached the $5 threshold. These rewards will also be available in your online account or in the Michaels App. These vouchers are valid for 32 days after the date they were issued.

It can be difficult to save rewards for big purchases and it might also make it hard to redeem your rewards frequently before they expire.

The Michaels credit card has a high 29.99% APR, which is similar to most store credit cards. If you have a balance from month to month, it will likely cancel any rewards you earn.

If you are a less frequent crafter, and don’t want the hassle of tracking when rewards expire, You might be better to combine Michaels’ no-cost rewards program with a general purpose cash-back credit card. This will give you far more flexibility.