Cannot Authorize this payment method

You probably mean paying by direct debit:

You can only use direct debit for gold memberships.

Since you could simply have the money posted back, you would have games, points, etc. 4free and MS could not do anything. With gold memberships, however, they can block your account if you have the money credited back...so far i know,

...but who am I to know something? )

I know I don't know anything (Socrates)

Additional Infos:

https://commerce.microsoft.com

Hope I was able to help you with this information.

Do you have another card you can try with? Also maybe try removing this card and adding it to your account again.

I am using a credit card but it says the same thing and its expiring on june 2... Thank you for letting me know . I need to turn on recurring billing for my game pass ultimate subscription but it says the same error 'Try again cannot Authorize your payment method'. Anyways thx

If you just purchased points earlier in the day with it, please try again within 48 hours and see if you are able to purchase points with this card again.

It's always recommended that you purchase whatever you'd like in terms of points in one transaction. This problem usually occurs (in a situation like yours) when you don't purchase things too often, it's sort of like a security precaution that credit card companies
put in place to keep your account safe.

If your still unable to purchase points after waiting 48 hours, and you've already gone through the solution steps noted
here then the only thing left would be to use prepaid cards which can be purchased online digitally
and delivered to you via e-mail or in most retail stores. The retailers that take part in the digital delivery codes are Amazon, Walmart, Best Buy, Gamestop, and Microsoft Store online. I know it's not a permanent fix, but it's something that will let you
purchase your points and use them on your account.

And when i try to add the credit card on my Xbox 360 it says "Cannot authorize the selected payment, Please select another payment method or add a new one".