Crap I think you are right. Sorry everyone I got too excited. After further research:
14. EXPIRY
14.1. A Card shall not be valid upon its expiry which shall be five (5) years. The expired physical Card will be
automatically renewed with a new Card subject to a renewal fee being imposed by Razer Pay, unless
otherwise instructed by the Cardholder by giving Razer Pay 30 days ‘prior written notice.