I had my first Google play account for a little under a year and I made a few purchases and and long story short, those purchases got refunded so now my account won't let me buy anything without veryfying my wallet information. Well, I do not have that card anymore and I can't verify without it. I got a new phone and logged into my old account simply to link my contacts, pics, calendar info, etc. I then logged into my new account and tried to buy one small in-app purchase which was denied because my wallet info wasn't verified. I'm confused because this is a new account and I haven't bought anything so how could my wallet info need to be verified if their shouldn't be anything in the wallet?
Sounds like you need to update your Google Play Account and remove the old credit card. From your phone hit Google Play store app, go to your account, go add a payment method, or edit an existing one. Once there delete the old card and add the new one.