Updating existing itunes account billing method none

How do I update an "existing iTunes account" (i.e. from the original iTools and Bondi Blue iMac) to reflect the "Billing Method" as "NONE"?
It's the kids account and I will allow them to "go crazy" with FREE applications but, can not find out how to remove the credit card information.
Yes, I know you can create a NEW iTune/MobileMe/App Store account but, I don't want to burden Apple or myself much less have the kids change their name, etc.
Suggestions?

Unbelievable crappy Apple support over two weeks via multiple e-mails.
The resolution came within a patient 20 minute phone call to the "top tier software engineer" for the iTunes Store!
I'll keep is name off the board but, I hope the department BBQ made him blush when his boss shared my glowing e-mail about his expertise aloud to the crowd.
Truly a intellectual engineer with great communications skills!

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