credit card has new expiration date

Too late for Beach2go but I had the same scenario and even worked directly with support who told me everything was okay. A day later I received another email stating that my payment could not be processed. I never found a way to edit the expiration date and security code on my current card and had to remove the card and add it again with the updated date and security code. For some reason, Apple doesn't support the edit function and seems to obfuscate the solution.