Unable to validate C&B-account in iTunes

Hey there,
I've recently received my new Iphone 4, and I've been trying to buy some apps from the itunes store. Since I've had an Iphone before (3g), I already have a click and buy account, which used to work perfectly for buying apps. But since I hooked up my iphone 4 to Itunes my C&B account was gone in my Apple ID screen. I've been trying to get it validated over and over... It does seem to work until I have to press 'Done' at the screen with all my Apple ID information. I check the box that says Click and buy accountnumber XXXXXXXX (which is correct), but when I press Done, I get quite an unusual error. Itunes says: Credit card declined etc. Which is funny because I'm not trying to pay with a CC but with click and buy! Whatever I try to do, it keeps giving me the same error.
I really hope someone could help me with this.

I'm having this same issue - unable to play any music that I have downloaded from ITMS. I'm asked to authorize my computer, which I do.. I'm told that my computer has been successfully authorized. But when I try to play any song, I'm asked again to authorize my computer - and the cycle starts all over again.
I have yet to see a post with any sort of attempt at resolving this issue, but I know a lot of people are having it. I emailed tech support, and (surprise, surprise) never heard back.

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Unable to validate C&B-account in iTunes

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