Once money is put in you cannot remove it or transfer it to another program.
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Yes, you can cancel the card even if there is a balance remaining on it. You contact the credit card company and request the card be cancelled. You will no longer be able to use the card, but you still pay the balance, either in monthly payments or in a lump sum. But you do not have to pay the balance in full when you cancel the card.
When you open up the window for the homepage of the iTunes store, log in if you're not already. As soon as that is done, your current balance should show up in a box next to your email address (which doubles as your account name). Usually, if you have not redeemed a giftcard, your balance will read "$0.00."
Your account balance can easily be accessed by visiting your banker's site,click on account balance after putting your account no and you will have it instantly. Or you can update your bank passbook to ascertain your account balance.
iwill cancel my membership and delete the account
You go to the My Settings tab under your name, and type in your password, after that it will be on the bottom and it will say Cancel My Account. Click that and its gone.