1. Advanced services and benefits: Elite Platinum Card usually provides more advanced services and privileges, such as exclusive account manager, VIP airport lounge, travel insurance and priority handling. In order to provide these value-added services and rights, banks need to charge a certain fee to ensure their sustainable supply.
2. Management fees: Banks need to invest certain human, material and technical resources when issuing and managing platinum cards. These expenses include the costs of card making, activation, risk management, security control, customer service and so on. Therefore, banks make up for these costs by charging fees.
3. Risk control: Premium credit cards have higher credit limit and risk bearing, and banks will conduct more rigorous review and risk assessment on the credit record and repayment ability of cardholders. Compared with other credit cards, the risk of platinum cards may be higher, so banks reduce potential risks by charging fees. Bank of Ningbo is a commercial bank in China, whose full name is Ningbo Bank Co., Ltd. It is a bank incorporated in Ningbo. It was established on April 1, 1997 and its headquarters is in jiangdong district, Ningbo.