My payment method is current. Keep getting update my payment method.
My payment method is failing. Keep getting message saying there’s trouble with my payment method.
iPhone 11, iOS 17
Read this document about how to view your current payment types and add Apple ID payment methods on an Apple mobile device, a Mac, or a PC --> Add a payment method to your Apple ID - Apple Support
If an item appears in red then it is no longer working and you either need to replace it or get it working again. Apple may require the presence of a valid payment method such as a card, even if an app is free. You won't be charged but the card has to be there and in working order.