You are seeing this because there is a problem with your payment information. You can try and remove the payment method, using the information here.. Change or remove your Apple ID payment information - Apple Support
However, if you have a billing issue, or you have not used that credit card before in the iTunes store, you may not be able to remove the card. See this support document for an explanation of those issues. If you can't choose None when you edit your Apple ID payment information - Apple Support