Huh? In my experience at least that is not the case. If a vendor no longer has your correct card details on file (which would certainly be the case if your old card expired and you were issued a new one), then the vendor's charges will be denied by your issuer whether you had a long standing recurring payment or not. I know this because I sometimes receive a 'payment overdue/problem processing your payment' notice from some subscriptions I forget to update when an old card expires.