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The credit card industry has become so competitive, a new and more creative credit card reward offer is being announced almost daily. If you play your cards right, you can make the financial institutions pay you to use their card. Some consumers consider a cash back credit card the ultimate reward credit card. Nothing is sweeter than receiving a check in the mail.

So you think there is a catch to this? Well, there is. You just have to know how to handle the cash back credit card. Read the fine print and make a few rules of your own to make you the winner and laughing all the way to the bank.

Many reward credit card offers give you options of how you want to spend your bonus points. But if it's cash you're looking for, you need to be sure a choice of cash back is included.

Not all reward credit card offers include a cash back feature. You may want to look under the cash rebate credit card option online. You also need to be sure it includes the cash back for all purchases. The cash back credit card offers generally come with no annual fee.

To make the most of a cash back credit card, you need to charge just about everything. That's right, everything which includes what you normally pay cash for. This includes groceries, that quick trip to the drug store and hardware store.

The trick is to set aside the amount spent each time you use your card. You might even consider deducting that sum from your check book and keep track of it in another portion of your check register. That way, when the bill comes at the end of the month, you can pay the entire balance due. You don't want to pay interest that will eat up any savings you've built-up.

The result,... you've accumulated bonus points, which when they reach the redeemable level, you'll receive a check in the mail. Some cash back credit card offers issue a check each time you reach a limit of $25, while others issue a check at the end of the year.

Either way, if you follow this simple plan, you can be the winner here. A cash back credit card can save you hundreds of dollars a year.

Oh, one more thing. If you want to be even more of a winner with this plan, use that cash back check to open an interest bearing savings account. That would make the cash back credit card the ultimate reward credit card!