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It's clearly not just your card but AMEX in general.
Both Bluebird and Serve prepaid card programs, which were both offered by American Express, are scheduled to be discontinued on June 3, 2026. American Express has sent out emails to Bluebird and Serve account holders to inform them of this decision.
Random spam all day long? Great
Also this
Because they likely are taking such payment methods. Support is not Valve, btw. They are a 3rd party Valve outsource support to.
Have you tried contacting others who use them and seeing if they also have an issue?
Support can only go by what their systems say, so if it says it failed or was declined, that is all they know.
There are many stages for a payment to be made. If a single step fails, then the payment fails. Valve doesn't control every single step along the way, nor do that have access to every single step. They go through a payment processor and the processor handles the often automated system for the payment.
Note that Amex is notoriously pretty unpleasant to work with as a vendor, on top of having the highest fees for any credit card issuer.