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Purchase a new iTunes gift card. Also, iTunes material can also be purchased by a credit card that is inserted in your account info. (Every iTunes user has to give a credit card number)
Maybe...probably
Go to the store menu in iTunes and select "View My Account". Sign in when prompted and all of your account information will display. To change your billing options click on the "Edit Payment Info" button on the right and from there you can put in the new information.
Once money is put in you cannot remove it or transfer it to another program.