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1 To become eligible to earn 6% in Rewards, member must spend at least $300 in eligible purchases over the past 12 months; otherwise members will earn 3% in Rewards on every eligible purchase. 6% eligibility is updated once a month. Limit $150 in total rewards earned per day. Rewards are calculated based on actual amount paid, less applicable taxes. Rewards cannot be earned on purchases of Gift Cards, clearance merchandise, MichaelsProTM Pack items or purchases prior to joining the program. Rewards and rewards vouchers have no cash value. Rewards vouchers may not be used on shipping, tax, or to purchase Gift Cards and Extended Warranties. Michaels Rewards account information must be provided upon redemption of a rewards voucher. Void where prohibited. Valid only on purchases made in U.S. stores and online at Michaels Stores – Art Supplies, Crafts & Framing. See Rewards Terms and Conditions for Terms & Conditions. Rewards earned will show up in Rewards members’ account 48 hours after eligible purchase. Rewards vouchers will be issued within 72 hours once you reach your $5 threshold and are valid for 32 days from the date of issuance. Restrictions may apply. Michaels reserves the right to make updates to Michaels Rewards without member notification.

2 Limit $5 in total rewards earned per day. Valid for one-time use.