It is known that American Greetings CreataCard application isn't compatible with Windows 7 operating system and any compatibility tweaks will simply not work. Another possibility is to install a compatible operating system (Windows XP) through virtualization. In this case I recommend on using VirtualBox. There is also an online guide that you can follow to achieve this.
Note: Windows XP Install Disc is required to actually complete the operation.
Once Windows XP has been installed, transfer the setup to that environment and install it.