HT201209 Can two iphones use the same itune gift card?

My husband and I are new to iphones, and would like to purchase one itunes gift card and both use it on our iphones.  I have an apple id set up, he does not yet have one.  Can we share an itunes account if we have different apple id's? 

Related question... I have read mixed reviews on whether or not families with multiple apple products should have a single or many apple ids.  This site is interesting... http://gigaom.com/apple/how-many-apple-ids-should-your-family-have/comment-page- 2/
Is there a general consensus on this issue?  Since my husband has not yet set up an apple id, this is the time we need to decide.
Thanks so much!

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