What do consumer cards refer to?

Consumer cards refer to all personal credit and debit cards that are issued to individual consumers rather than businesses or corporations. This category includes standard credit cards issued by financial institutions as well as debit cards that allow consumers to access funds directly from their bank accounts.

Personal credit and debit cards are widely used for everyday transactions, enabling consumers to make purchases, manage their finances, and build credit history. By encompassing both credit and debit cards, this definition reflects the various financial tools available to individuals for personal use, distinguishing them from corporate or business-related cards.

The other choices do not fully represent the broad spectrum of consumer cards. For instance, while corporate credit cards are designed for business expenses and special discount cards are typically promotional in nature, they do not capture the entirety of what consumer cards are meant to represent. Only debit cards issued by banks also fail to acknowledge the credit cards that fall under the consumer category, limiting the definition unnecessarily. Thus, the correct understanding is that consumer cards encompass all personal credit and debit cards.