When you report the loss of your card and apply for a new one, in addition to the valid documents used to prove your identity, the bank will also charge you two fees: a loss report fee and a replacement fee. Everbright Bank's fee for reporting a loss is 50 yuan, while card replacement is free. The reason why banks charge loss reporting fees is because after customers report loss, banks have to bear the risk of credit card being stolen and swiped.