ITunes now rejects my credit card

Today as I went to upgrade a few apps, I get a pop up to sign into my iTunes account.
I enter the security code then it gives me a red message - "Your payment method was declined. Please enter another payment method."
my details are up to date so there shouldn't be a reason for this? I've looked online but can't find anything to fix the problem

For me, this was related to having to verify my CVV2 code (the three-digit code on the back of your card). Try this:
Open iTunes on your iPhone.
Scroll to the bottom of the screen, tap your Apple ID, and enter your password is asked.
Tap Payment Information.
Tap Security Code and enter your CVV2 code there.
Tap Done.
Tap Done again to return to iTunes.
Try your purchase again.

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    Hello,
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    Welcome to Apple Support Communities
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