How do I change my credit card information since the card you are currently using has been cancelled due to fraud
How do I change my credit card information since the credit card you are currently using has been cancelled due to fraud.
See this for the instructions on how to edit your payment information.
Change, add, or remove Apple ID payment methods - Apple Support
As a side note, I had two cards canceled in the last two years due to fraud and what I did was to add the new card before trying to delete the old card and that worked for me.