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The billing address must also match. This is to prevent fraud.
So it is okay to leave the billing address line 2 empty?
Also understand that your card will also have to be verified, at which point two small charges will appear on it. It will also give a cooldown - you can't just dump info on steam and expect to be able to use this card immediately because they MUST figure out whether it's a good card, in good standing, etc.
And my address that is registered on my card is only one line, even though lengthy.
It is my Credit Card and I have used it many times before, just not on places that ask billing address. For example, Netflix does not ask the billing address. It was verified by sending code to my phone number that is registered on the credit card.
See what happens when you put names in the wrong entry fields. It's not going to damaged your account.