Bloomberg charged me for a subscription to their news service pre-paid for another year, but they didn't send me a renewal notice or invoice, of course. Contacted support by web and phone - they won't refund it. Really shady business practices. TC: now $415 less
What did expect from Bloomberg? Also stay away from Oracle.
They explicitly say it in Terms during signup, that it will auto renew unless cancelled. Credit card chargeback will ask for proof of cancellation before the due date. Its not just bloomberg but most subscription based services.
Most subscription-based services send some sort of renewal notice or invoice. Bloomberg is banking on the fact that people will forget after 1 year. They don't even notify you by email that they charged your credit card.
Does your state require renewal notices?
Researching now... thx