You just need to change the primary payment method in your Paypal account. The next bill will be charged automatically to the new credit card. To change the credit card in your Paypal account, you may click the "Profile" tab after you log into your Paypal account, then click the "CreditCard/DebitCard" link in the "Financial Information" section in your Paypal profile page.
Updating My Credit Card Information in PayPal
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