HT1918 How do I remove my credit card from an account?

My card was recently deactivated after a fraud. I want to remove my credit card from my account but I can't figure it out. I've tried going to my settings but it's not working and I can't get any new apps right now which is frustrating.

Open iTunes and select iTune Store on the left pane.
On the navigation bar, click on “Sign in”.
After logging in click on the arrow right beside your email address, and select “Account”.
Click on the “Edit Payment Information Button”.
You can now set the Credit Card option to “None”.
Click “Done” and the Payment Information box should show “No credit card on file”.

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