5 Best Money-Saving Michaels Tips - Use competitor coupons from Hobby Lobbyand JoAnn’s at Michaels. Michaels accepts coupons from Hobby Lobby, JoAnn’s, Ben Franklin and AC Moore as long as the competitor has a local store. Between them all, you should always have at least a 50% off one regular price item coupon (60% is better), and a 20-25% off your total purchase coupon.