Microsoft 365 features that help users manage their subscriptions, account settings, and billing information.
Greetings!
This is Tin, I'll do my best to help. Please check the status of your subscription from this link
https://account.microsoft.com/services
If it shows active and you have a valid and working payment instrument on it, that should be good. Please make sure that the email that you have received is from Microsoft. Please avoid clicking any link on it for your safety, you may directly go to the website and check it from there.
Update Payment Method
Thank you,
Tin