Photocatalysis induced by localized surface plasmon resonance of metallic nanoparticles has been studied for more than a decade, but photocatalysis originating from direct interband excitations is still under-explored. The spectral overlap and the coupling of these two optical regimes also complicate the determination of hot carriers' energy states and eventually hinder the accurate assignment of their catalytic role in studied reactions. In this Featured Article, after reviewing previous studies, we suggest classifying the photoexcitation via intra- and interband transitions where the physical states of hot carriers are well-defined. Intraband transitions are featured by creating hot electrons above the Fermi level and suitable for reductive catalytic pathways, whereas interband transitions are featured by generating hot d-band holes below the Fermi level and better for oxidative catalytic pathways. Since the contribution of intra- and interband transitions are different in the spectral regions of localized surface plasmon resonance and direct interband excitations, the wavelength dependence of the photocatalytic activities is very helpful in assigning which transitions and carriers contribute to the observed catalysis.