It used to be that once you entered your credit card information into Xbox LIVE, either on the original Xbox or Xbox 360, it was there forever. While rare, this could lead to some very unfortunate security issues if your Xbox/Xbox 360 was ever stolen.
Thankfully, you can now remove any credit card from your Xbox Account.
1) Log in to your Xbox account at the official site.
2) Click in the top right where it says "My Xbox" and select "Manage Profile"
3) Select "Manage Payment Options."
4) You'll now be looking at a list of all credit cards associated with your account, including the option to remove them.
Personally, I recommend you remove all credit cards, and rely on Xbox LIVE Membership cards and Microsoft Point cards purchased from retail, but of course, it's your call.
The above information is also being added to my handy dandy article on Protecting your Personal Info from Xbox 360 Theft.
Original article found at Unscripted 360 here.
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