Apply for Michaels Credit Card: The Michaels™ Credit Card is a store-branded card designed specifically for customers of Michaels, a leading arts and crafts retailer in North America.
Issued by Comenity Capital Bank, this card provides exclusive benefits and rewards to enhance the shopping experience for creative enthusiasts.
It’s important to note that this is a closed-loop card, meaning it can only be used for purchases at Michaels stores and on michaels.com.
Key Benefits of the Michaels™ Credit Card
- Earn 9% Back in Rewards: Cardholders receive 9% back in rewards on every purchase made with the Michaels™ Credit Card. These rewards accumulate and can be redeemed on future purchases, providing significant savings for frequent shoppers. Michaels
- 20% Off First Purchase: Upon opening a new account, enjoy a 20% discount on your first purchase made with the Michaels™ Credit Card. This immediate savings opportunity is a great way to kickstart your rewards journey. Michaels
- Periodic Free Shipping Offers: Cardholders are eligible for special free shipping promotions on online orders. These offers are communicated periodically, allowing you to save on delivery fees. Michaels
- Special Financing Opportunities: From time to time, Michaels provides special financing options exclusively for cardholders, enabling you to manage larger purchases more effectively. Details of these offers are shared during promotional periods. Michaels
Eligibility Criteria
To apply for the Michaels™ Credit Card, applicants must meet the following criteria:
- Age Requirement: Applicants must be at least 18 years old.
- Residency: Must be a resident of the United States with a valid Social Security Number.
- Creditworthiness: While specific credit score requirements are not publicly disclosed, a fair to good credit score increases the likelihood of approval.
How to Apply for the Michaels™ Credit Card
Online Application Process:
- Visit the Official Website: Navigate to the Michaels Credit Card page at michaels.com/creditcard.
- Initiate the Application: Click on the “Apply Now” button to begin the process.
- Provide Personal Information: You’ll be prompted to enter details such as your name, address, Social Security Number, and annual income.
- Review Terms and Submit: Carefully read the terms and conditions before submitting your application.
In-Store Application Process:
- Visit a Michaels Store: Locate your nearest Michaels store using the store locator on the website.
- Speak with a Cashier or Associate: Inform them of your interest in applying for the Michaels™ Credit Card.
- Complete the Application: They will guide you through the application process, which can be completed on-site.
Information Required During Application:
- Valid government-issued photo ID
- Social Security Number
- Annual income details
- Contact information, including phone number and email address
Understanding the Rewards Program
The Michaels™ Credit Card rewards program is designed to offer substantial benefits to its users:
- Earning Rewards: Every purchase made with the card earns 9% back in rewards. For example, a $100 purchase would yield $9 in rewards.
- Redemption Process: Once you’ve accumulated at least $5 in rewards, a voucher is issued within 72 hours. This voucher can be accessed through your online account or the Michaels app and can be used for future purchases.
- Expiration Policy: Rewards vouchers expire 32 days from the date of issuance, so timely redemption is essential to maximize your benefits. NerdWallet: Finance smarter
Interest Rates and Fees
Understanding the financial aspects of the Michaels™ Credit Card is crucial:
- Annual Percentage Rate (APR): As of November 2024, the standard purchase APR is 35.99%. This rate is subject to high interest charges if balances are not paid in full each month.
- Annual Fee: The Michaels™ Credit Card does not charge an annual fee, making it a cost-effective choice for regular shoppers.
- Late Payment Fee: A late payment fee of up to $40 may be applied if the minimum payment is not made on time.
- Returned Payment Fee: If a payment is returned, a fee of up to $40 may be charged.
It’s important to pay off your balance each month to avoid high-interest charges and fees that can outweigh the benefits of rewards.
Managing Your Michaels™ Credit Card Account
To get the most out of your Michaels™ Credit Card, managing your account effectively is crucial. Here’s how:
Setting Up an Online Account
- Visit the Michaels™ Credit Card Website: Head to the Michaels Credit Card Login page.
- Click on “Register for Online Access”: Enter your card number, ZIP code, and other required details.
- Create a Username and Password: Choose secure login credentials to manage your account safely.
- Confirm Registration: Follow any additional prompts to complete the process.
Making Payments
- Online Payments: Log into your online account and schedule a one-time payment or set up automatic payments.
- Mail Payments: You can send a check or money order to the address specified on your billing statement.
- Phone Payments: Call the customer service number on the back of your card to make a payment over the phone.
- In-Store Payments: Some locations may accept payments at checkout—check with your local Michaels store.
Customer Support & Account Assistance
- Comenity Bank Customer Service: Since Comenity Bank issues the Michaels™ Credit Card, customer service is available through their support line.
- Lost or Stolen Card: Report it immediately through your online account or call customer service to prevent unauthorized transactions.
- Billing Disputes: If you notice an incorrect charge, you can dispute it online or over the phone.
Tips for Maximizing Your Michaels™ Credit Card Benefits
Want to get the most out of your Michaels™ Credit Card? Here are some tips:
Use the Card Exclusively for Michaels Purchases
Since this is a store credit card, it only works at Michaels. Use it to earn the maximum 9% back in rewards on every purchase.
Pay Off Your Balance in Full
With a high APR, carrying a balance can quickly negate the rewards. Avoid paying interest by settling your full statement balance each month.
Take Advantage of First-Purchase Savings
The 20% discount on your first purchase is a great way to save immediately—consider using it for a large order to maximize savings.
Combine Rewards with Promotions
Michaels often runs sales, coupons, and special promotions. Use your rewards in conjunction with these deals for maximum savings.
Watch for Free Shipping Offers
As a cardholder, you may receive free shipping promotions. Keep an eye on emails and notifications to take advantage of these perks.
Track Your Rewards and Use Them Before They Expire
Michaels rewards expire 32 days after issuance. Set reminders to use them before they disappear!
FAQs About Applying for Michaels Credit Card
1. How do I apply for a Michaels Credit Card?
You can apply for the Michaels Credit Card online through their official website or in-store at any Michaels location. Simply fill out the application, provide the required personal details, and wait for instant approval or further review.
2. What are the benefits of the Michaels Credit Card?
Cardholders enjoy exclusive perks, including special financing options, early access to sales, and extra discounts on craft supplies. You may also receive special promotional offers throughout the year.
3. What credit score do I need to qualify?
While Michaels doesn’t disclose a specific minimum credit score, a fair to good credit score (typically 650+) increases your chances of approval. If your score is lower, consider improving it before applying.
4. Does the Michaels Credit Card have an annual fee?
No, there’s no annual fee, making it a budget-friendly option for frequent Michaels shoppers.
5. Can I use my Michaels Credit Card anywhere?
No, the Michaels Credit Card is a store card, which means it can only be used for purchases at Michaels stores and on their website.
6. What financing options are available?
Michaels often provides special financing on qualifying purchases, such as 0% interest if paid in full within a set promotional period. Be sure to read the terms to avoid deferred interest charges.
7. How do I manage my Michaels Credit Card account?
You can manage your account, pay your bill, check your balance, and review statements online through the Comenity Bank portal, which services the Michaels Credit Card.
8. What happens if my application is denied?
If your application is denied, you’ll receive a notice explaining why. You can improve your chances in the future by boosting your credit score, reducing debt, and ensuring your credit report is error-free.
9. Can I increase my credit limit?
Yes! After consistent on-time payments, you may request a credit limit increase through Comenity Bank’s customer service or your online account.
10. How can I contact Michaels Credit Card customer support?
For assistance with your account, payments, or application status, you can contact Comenity Bank’s customer service at the number listed on your card or visit Michaels’ website for support options.
Conclusion
The Michaels™ Credit Card is a fantastic option for frequent Michaels shoppers looking to earn rewards and save on arts and crafts supplies. With 9% back in rewards, a 20% discount on your first purchase, and special cardholder promotions, the benefits can add up quickly. However, it’s important to pay your balance in full each month to avoid the high 35.99% APR.
Before applying, consider your spending habits and whether you shop at Michaels often enough to make the most of the rewards program. If you do, this card can be a valuable addition to your wallet!
