Will my account close if I don't pay off debt?

I've seen other posts about this.
But I changed my credit card and I'm worried if your credit cards/gift cards you used stays in Apple's systems.
I don't want my account to close because I didn't pay off debt of a gift card I used. I'm scared.

No, it won't, but you won't be able to download, redownload, or update anything from the iTunes Store except for podcast episodes until you settle the debt.
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