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To remove a payment method from your iPhone when you have an active subscription, first open the App Store and tap your profile icon in the top right corner. Select "Subscriptions" to view your active subscriptions. If you have any active subscriptions, turn them off by selecting each one, as they are month-to-month and can be reactivated later. After disabling the subscriptions, exit the App Store and open the Settings app. Tap on your profile at the top and then select "Payment & Shipping." From there, you can proceed to remove the payment method.