Suspicious Email

Yesterday I received email from "Security Notification" stating that my iCloud subscription will expire tonight at 11:59 PM. It reads "Alert ID: 73186

Account ID9*****8. Warning! Risk of losing private data.

After the expiry date has passed All Photos and Videos WiII Be Deleted." There is also a blue tab that reads "Renew Subscription NOW". Is this a phishing/scam email? Because I know I already paid my subscriptions with my credit card on March 15th.

[Edited by Moderator]