“Hi,
We tried to renew your membership (xxxxxxx@yahoo.co.nz) as the end of every billing cycle but the payment failed, so we had to cancel your membership.
Obviously we'd love to have you back. If you want .....click here “

I found this in my junk email box ,looks fairly professional apart from at the bottom where it says copyright netfilx.com and a missing ‘to’

Maybe an old scam, google found others but not this one.