Yes. It involves the spectator picking a card with a name on it, and you predicting that name by cutting out the picture, or mind reading that name, and then cutting out the picture to show you knew who it was. So I'd definitely classify it as mentalism.
A prediction is something that happens before
they pick a card or whatever. Mentalism is creating the illusion of mind reading, psychokinesis, precognition, clairvoyance or mind control. I'm not really sure if this is mentalism...I might be wrong.
I'm pretty sure a prediction falls under Mentalism. Telekinesis not Psychokinesis. Know your kinesis'! LOL