That is exactly what it is and it is unsettling that it is promoted so much on FR.
“We believe also in the holy Church, that is, the Catholic Church. For heretics violate the faith itself by a false opinion about God; schismatics, however, withdraw from fraternal love by hostile separations, although they believe the same things we do. Consequently, neither heretics nor schismatics belong to the Catholic Church; not heretics, because the Church loves God; and not schismatics, because the Church loves neighbor” (Faith and the Creed 10:21 [A.D. 393]). ~ St. Augustine