Yes! Michaels Rewards vouchers expire 32 days after they’ve been issued. That means that once a voucher has been issued and delivered via email, you will only have 32 days to redeem your credit. Your vouchers will be issued automatically at the end of the month provided you have accumulated at least $5 worth of credit, so there is no way to delay the voucher issuance process. The best way to make the most of your Michaels Rewards credits is to shop at Michaels at least once a month.