If you’re a frequent shopper at Michaels, then the Michaels Credit Card might be a great option for you. The Michaels Credit Card is a store credit card that can be used for purchases at Michaels stores or online at Michaels.com. In this guide, we’ll cover everything you need to know about the Michaels Credit Card, including its features, benefits, fees, and how to apply.
Introduction
The Michaels Credit Card is a store credit card that is issued by Comenity Bank. It’s designed for frequent shoppers at Michaels and offers a range of benefits and rewards for cardholders. In this section, we’ll give an overview of what the Michaels Credit Card is and what it offers.
A. What is the Michaels Credit Card?
The Michaels Credit Card is a store credit card that can be used for purchases at Michaels stores or online at Michaels.com. The card is issued by Comenity Bank and comes with a range of benefits and rewards for cardholders.
B. What are the Benefits of the Michaels Credit Card?
The Michaels Credit Card comes with a range of benefits for cardholders, including exclusive offers, rewards, and special financing options. With the Michaels Credit Card, you can earn rewards on your purchases and receive exclusive offers and discounts. You can also take advantage of special financing options, which allow you to pay off larger purchases over time without accruing interest.
Michaels Credit Card Features
In this section, we’ll cover the features and benefits of the Michaels Credit Card in more detail.
A. Rewards Program
The Michaels Rewards Program is a key feature of the Michaels Credit Card. With the program, you earn points for every purchase you make with your Michaels Credit Card. For every 1,000 points you earn, you’ll receive a $5 reward certificate that you can use on a future purchase.
B. Exclusive Offers
As a Michaels Credit Card holder, you’ll receive exclusive offers and discounts that are not available to regular shoppers. These offers may include discounts on certain products, free shipping, or early access to sales and promotions.
C. Special Financing Options
The Michaels Credit Card also offers special financing options for larger purchases. Depending on the size of your purchase, you may be eligible for 6, 12, or 18 months of interest-free financing. This can be a great way to make larger purchases without having to pay interest.
D. No Annual Fee
One of the best things about the Michaels Credit Card is that there is no annual fee. This means that you won’t have to pay anything extra just to have the card.
E. High Interest Rate
While there is no annual fee for the Michaels Credit Card, the interest rate can be quite high. As of September 2021, the interest rate for the card is 27.24% variable APR. This means that if you carry a balance on your card, you’ll be charged interest at this rate.
F. Late Payment
Fees If you don’t make your Michaels Credit Card payment on time, you’ll be charged a late fee. As of September 2021, the late payment fee for the card is up to $40.
Applying for the Michaels Credit Card
If you’re interested in getting the Michaels Credit Card, you can apply online or in-store. In this section, we’ll cover the application process and what you need to know to get approved.
A. Credit Requirements
To be approved for the Michaels Credit Card, you’ll need to have a good credit score. While the exact requirements are not disclosed, it’s generally recommended that you have a credit score of at least 650 or higher to be considered.
B. Application Process
To apply for the Michaels Credit Card, you can do so either online or in-store. If you choose to apply online, you can do so by visiting the Michaels Credit Card page on the Comenity Bank website. To apply in-store, simply ask a cashier or customer service representative for an application.
C. Approval Process
The approval process for the Michaels Credit Card is typically quick and easy. Once you’ve submitted your application, you should receive a decision within a few minutes. If you’re approved, you’ll receive your card in the mail within 7-10 business days.
How to Use Your Michaels Credit Card
Once you have your Michaels Credit Card, it’s important to know how to use it to maximize its benefits. In this section, we’ll cover some tips on how to use your card effectively.
A. Pay Your Balance in Full
One of the most important things to remember when using the Michaels Credit Card is to pay your balance in full each month. This will help you avoid interest charges and late fees, and it will also help improve your credit score.
B. Use Your Rewards
Make sure to use your rewards as soon as you earn them. The Michaels Rewards Program offers $5 reward certificates for every 1,000 points you earn. These certificates can be used on a future purchase, so make sure to use them before they expire.
C. Take Advantage of Special Financing Options
If you have a large purchase to make, consider using the special financing options offered by the Michaels Credit Card. This can help you make your purchase without having to pay interest as long as you pay off the balance within the designated time period.
D. Keep an Eye on Your Spending
It’s important to keep track of your spending when using the Michaels Credit Card. Make sure to stay within your budget and only use the card for purchases that you can afford to pay off in full each month.
Video: Michaels Credit Card Review 2023
Conclusion
The Michaels Credit Card can be a great option for frequent shoppers at Michaels. With its rewards program, exclusive offers, and special financing options, it can help you save money on your purchases and make larger purchases more affordable. However, it’s important to use the card responsibly and pay your balance in full each month to avoid interest charges and late fees. If you’re interested in applying for the Michaels Credit Card, make sure to review the credit requirements and consider the benefits and fees before submitting your application.
