Q: Fraud Email

It is a phishing attempt. Do not respond. Do not divulge any personal or financial information. You can use the address below to forward the suspect email message, as an attachment to Apple.

reportphishing@apple.com

The link below has information to help identify fraudulent emails.

http://support.apple.com/kb/HT4933

It's not from Apple, it's a phishing email trying to get your account and payment details - you could forward it to Apple : reportphishing@apple.com , and then delete it.

Phishing and similar emails : Phishing & Other Suspicious Emails

Phishing emails : Identifying fraudulent "phishing" email - Apple Support

Genuine iTunes emails : Identifying legitimate emails from the iTunes Store - Apple Support