Changing your credit card might not necessarily put an end to recurring charges from a streaming service
Subscription Services and Credit Card Changes
Many Americans subscribe to services ranging from $5 to $75 per month. A common belief is that changing your credit card will automatically stop recurring charges. However, this is a myth. When you change your card, these streaming services simply start charging your new card, making it easier to cancel directly with the streamer like Netflix.
Visa Account Updater: The Invisible Service
Visa Account Updater (VAU) is a hidden service that allows most subscription services to continue charging you indefinitely. Banks automatically update credit or debit card numbers when a new card is issued, ensuring that your card can continue to be charged even if it is expired.
Credit Cards and Financial Anonymity
Credit cards are seen as a more anonymous way to move around in the financial world, but banks are still tracking your every movement. The VAU allows banks to coordinate with corporations to keep your financial information constantly updated.
