Counterpoint, I quite like this. I’m terrible at keeping payment details up to date, and I’ve got long renewal periods on my domains. The early renewal attempt allows me to get an email that my payment is expired or revoked (due to a stolen card number or something) and I have a month to go correct it.
If musk owes the bank a million dollars, musk has a problem. If musk owes the bank billions of dollars, it’s the banks problem.
In other words, the banks will bend over backwards to support him, his businesses, and his loans, whatever gives them the best chance of collecting.