Can't create new account without a credit card?

I recently made a brand new Apple ID for the iCloud and because my old ID was years old and I don't even use the email address it was registered on. Registering it went fine. But now that I want to update some of my apps via the iTunes store, it says I can't verify my new account without credit card information. I don't have a credit card at this time. I do plan on getting one soon, but until then I'd like to be able to update my apps, use iTunes cards, and download free podcasts with my new account. Is it possible to get my new account up and running without credit card info?

I think you can create an Apple ID without credit card
http://support.apple.com/kb/ht2534

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