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A CEO I worked with a while back just cancelled her CC every few months. Then she'd resubscribe to things she was still using. She said she didn't have time to cancel all those subscriptions individually. I thought it was poor form since a lot of services bill at the end of the month and would never get that last months due.

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If by "cancel" we mean have the CC issue a new card with a new number but the same account, this doesn't always work anymore. The issuer may supply the new number to merchants who perform recurring charges.

That's definitely CEO behaviour, legally she is still on the hook for that expense and it can go on her credit rating. Don't try this at home!

Is this a common risk? Most subscriptions I can think of are prepaid —- they charge you when service starts. If your card expires or is cancelled, they shut down your account once the paid subscription runs out.

A notable exception is US cell phone plans. I think most people still have postpaid plans and of course the carrier will send you to collections if you don’t pay.

That’s why you have to agree to a credit check, though. I’ve never been subject to a credit check to sign up for a software or streaming service.

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