Billing of Magazine Subscriptions on iTunes

Hello
I understand that the answer to the question may seem somewhat obvious, but since I'm dealing with a fairly substantial amount of money (in my respects), I just want to be 100% sure first before committing.
I have 2 yearly rolling magazine subscriptions with iTunes (~£70 in total), although recently I had to cancel the credit card I had tied to my iTunes account. I haven't added another credit card and from now on, I'd rather use iTunes cards wherever possible to credit my account.
I just wanted to the assurance that if I was to purchase £75 of iTunes cards and "upload" the credit to my account, will this credit then be used when we reach the renewal dates?
Thank-you for your assistance

IF that is the case, you should be warned of this when you make your purchase. If I had known that I would not have spent hundreds of dollars on subscriptions. Also, if that is true why don't publishers of books mind? And further, if I had a print subscription and moved, would they say tough luck? NO! It's the same thing.

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