We’ve all been tempted by the pre-approved credit card offers that flood our mailboxes. But what are the benefits of taking advantage of these offers and can you really benefit from taking one?

As the name implies, pre-approved credit cards are cards where you are guaranteed to be approved for the card if you meet the eligibility requirements. In other words, you don’t have to worry about being denied for a card due to bad credit or insufficient income. These cards are designed to provide a way for those who don’t have access to traditional forms of credit, such as student loans or mortgages, to be able to manage their finances.

One clear benefit to pre-approved credit cards is that getting approved is much easier and faster than with traditional forms of financing. Most cards are approved within minutes, so you don’t have to go through a lengthy application process. This saves you time and effort, as well as the embarrassment of being turned down in public.

Another great benefit is that pre-approved credit cards can help you build your credit score. Since most of these cards report your payments to the credit bureaus, a history of timely payments can help you improve