Arts and crafts lovers can rejoice. According to CardTrak, Barclays Bank and Jo-Ann Stores have teamed up to launch the new “Jo-Ann Platinum MasterCard” that links to Jo-Ann’s Preferred Customer program. Per the press release:

Customers earn five points for every $1 spent at Jo-Ann stores or Joann.com and one point per $1 spent on all other purchases with the Jo-Ann Platinum MasterCard. Once a customer earns 1,000 points, she will receive a $10 creative cash(TM) card. For every 500 points earned above 1,000 points, customers will receive an additional $5 in creative cash(TM). After the customer’s first purchase or balance transfer, she will receive a $10 creative cash(TM) card to begin saving on purchases. Customers will also be enrolled in Jo-Ann’s Preferred Customer program to receive valuable coupons and sale notifications. There is an introductory APR on balance transfers of 0% for the first six billing cycles.

So, what this basically boils down to is a 5% reward when you spend at Jo-Ann that can be used for Jo-Ann certificates. Unfortunately, this offer is so new, it’s not even available on the company website, http://www.joann.com, as of the time of this post.