Yes.

According to the provisions of Articles 3 and 4 of the "Notice on Issuance of the "Credit Card Business Management Measures"":

The term "credit card" as mentioned in these Measures refers to all credit cards within the territory of the People's Republic of China and the People's Republic of China. Credit payment instruments issued by commercial banks (including foreign-funded banks and Sino-foreign joint venture banks, hereinafter referred to as commercial banks) to individuals and entities.

Credit cards have functions such as transfer settlement, cash deposits and withdrawals, and consumer credit. Credit cards are divided into corporate cards and personal cards according to the objects of use; they are divided into gold cards and ordinary cards according to the credit rating; they are divided into RMB cards and foreign currency cards according to the currency.

Extended information

According to the relevant provisions of the "Notice on Issuing the "Credit Card Business Management Measures"":

Article 17 allows cardholders to Overdrafts for consumption purposes can be made within the specified limit and period. The overdraft limit is 10,000 yuan for gold cards and 5,000 yuan for ordinary cards.

Article 18 The maximum overdraft period of a credit card is 60 days.

Article 19 Credit card overdraft interest will be calculated at a daily interest rate of 5/10,000 within 15 days from the date of signature or bank accounting date, and a daily interest rate of 10/10,000 for more than 15 days, and 10/10,000 for more than 30 days. Or if the overdraft amount exceeds the prescribed limit, the daily interest rate will be calculated at 15%. Overdraft interest is not calculated in stages, but is calculated based on the highest interest rate bracket for the final term or the maximum overdraft amount.

Baidu Encyclopedia-Credit Card