Netflix gift cards have a catch: You can’t cancel them

Disney and Peacock declare similar policies, which deplete your gift card balance every month even if you cancel.

Jared Newman   |   February 11, 2026

When you sign up for Netflix with a gift card, you might expect it to work like any other form of payment, allowing you to cancel and resume the subscription at any time.

But that’s not the case. If you cancel Netflix while paying with a gift card, the subscription will continue every month until the balance is depleted. You can’t put the subscription on hold and save some of the credit for later.