Yes.

According to the inquiry on the official website of Industrial Bank, we learned that the Industrial Bank American Express Red Credit Card (Gold Card) is a standard credit card issued by Industrial Bank and is a UnionPay gold card. Annual fee standard: RMB 200 per card for the main card and RMB 100 per card for the supplementary card. If the card is approved successfully, the annual fee for the first year will be waived. After the card is successfully approved for the next year, there will be no limit on the amount of swiping the card or withdrawing cash 5 times within one year.