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Hi,
Yes you will be able to resume your Azure services once your new valid credit card has been configured.
You can refer to the link below:
Add, update, or remove a credit card for Azure
https://learn.microsoft.com/en-us/azure/cost-management-billing/manage/change-credit-card
If you have any further questions, you can create a support request to the Azure billing support, it's free of charge:
https://azure.microsoft.com/en-us/support/create-ticket/
Create an Azure support request
https://learn.microsoft.com/en-us/azure/azure-portal/supportability/how-to-create-azure-support-request
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Best regards,
Leon