[stumped]

sure, but accidents can still happen. the notices go to some email you used at the time, but have moved on, so it's defunct or you don't check it... or your bank gets over-zealous about online fraud and declines a payment...
e.g. my 15Gb dropbox email ( built up with lots of referrals) is years obsolete, but I can't change it to my current email as I already have a different small free dropbox on that.
if you read trustpilot reviews of cloud services, you will see many unfortunates reporting that all their data was wiped after payment hassles.

[ the declined payment is a genuine problem now in UK. Covid came along just as banks were upping online card payment security, with texts, PINs, that have to be responded to before payment is allowed. I have read actual horror stories from self-isolating folks ordering groceries on line- they put in a order, the online retailer goes for payment authorization not until after midnight the day before, just in time for the am delivery. Bank sends a text to customer saying please confirm the payment, but customer is sound asleep by then. Payment fails, delivery is cancelled, and the next available delivery slot is 3 weeks away if you are lucky... ]

a more mundane example _ i was sharing my son in law's google play music family plan. it suddenly stopped working and started asking me to subscribe. I thought I must have upset him & gotten ditched... turns out there was some glitch with his credit card number changing or expiring and google had instantly pulled the subscription until it was sorted. no grace period, no benefit of the doubt...