How to change the payment method on App Store?
How to pay unpaid subscription with different card
[Re-Titled by Moderator]
iPhone 14 Pro Max, iOS 17
Add the card as a 2nd payment method.
Add a payment method to your Apple ID - Apple Support
After you have added a functioning payment method, you can remove the one that is being denied.
M1 Mac mini, macOS 14.1.1; Watch, series 7 GPS/cellular, watchOS 10.1.1; iPad Pro 2nd Gen, iPadOS 17.1.1; iPhone 12 Pro, iOS 17.1.1; TV 4th Gen, tvOS 17; HomePods, audioOS 17.1.1 and Airport Express w/ Airplay 2