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Are there any risks in opening a UnionPay Unbounded Cultural Travel Card?

No.

The UnionPay Unbounded Cultural and Travel Card is a credit card product launched by UnionPay and related partner banks, aiming to provide cardholders with specific discounts and services related to travel, culture and entertainment and other related consumption. The card has undergone strict risk control and security guarantees, so cardholders can use it with confidence.