"Amount you own" due to credit card failed authorization. Please help

I was using a prepaid creditcard on my iTunes account but I didnt know it ran out, I downloaded Angry Bird Space HD from the app store after that and now I have a certain amount I own apple because it failed to authorize the prepaid credit card yet allowed me to install the app. I'm going to buy an iTunes gift card tonight, will that allow me to repay the amount due? Because I don't want to get banned or anything bad like that.
Also if anyone else has had this happen to them before please tell me what you did. Thanks!

Yes, just enter the new card details and click done when finished. It will then charge the new card for the amount owed.

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