diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4f94bd51ec..633799b7ab 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -93,6 +93,8 @@ These changes are available on the `master` branch, but have not yet been releas
   ([#2656](https://github.com/Pycord-Development/pycord/pull/2656))
 - Fixed `AttributeError` when trying to consume a consumable entitlement.
   ([#2564](https://github.com/Pycord-Development/pycord/pull/2564))
+- Fixed `Subscription.renewal_sku_ids` not accepting `None` from discord payload.
+  ([#2709](https://github.com/Pycord-Development/pycord/pull/2709))
 
 ### Changed
 
diff --git a/discord/monetization.py b/discord/monetization.py
index daa4bf0806..9a4dc9f05c 100644
--- a/discord/monetization.py
+++ b/discord/monetization.py
@@ -327,7 +327,7 @@ def __init__(self, *, state: ConnectionState, data: SubscriptionPayload) -> None
         self.user_id: int = int(data["user_id"])
         self.sku_ids: list[int] = list(map(int, data["sku_ids"]))
         self.entitlement_ids: list[int] = list(map(int, data["entitlement_ids"]))
-        self.renewal_sku_ids: list[int] = list(map(int, data["renewal_sku_ids"]))
+        self.renewal_sku_ids: list[int] = list(map(int, data["renewal_sku_ids"] or []))
         self.current_period_start: datetime = parse_time(data["current_period_start"])
         self.current_period_end: datetime = parse_time(data["current_period_end"])
         self.status: SubscriptionStatus = try_enum(SubscriptionStatus, data["status"])