I believe Red is the "level 2" version of this card.
This phrase is interesting. An English-based phrase used in association with Remilia is "red magic", but I forget if it was originally "紅魔" or not (perhaps as a sort of pun), or whether it was simply katakana, etc. I do know 魔 tends to be used as shorthand for "魔法". At any rate, I seem to recall that this card was translated as "Red Magic 'Scarlet Devil'" some time ago.