If I make a new apple ID, will I be able to transfer my credits and purchases?

Recently, my brother was given an iTunes Gift Card. Whenever he tries to purchase something, however, it asks for the answers to his security questions.
The problem is that he has no recollection of even answering these security questions. I have no idea how to answer them, nor do I know how to reset them as it asks for them before I can edit his security settings. I can't figure out what to do to fix this, so I've been contemplating creating a new account for him(since this account has my back-up email as the ID and he doesn't know how to change it, I don't think he'd want it anymore anyway). The only problem is that I am unsure as to how his credits and purchases can be transfered from this account to the new one. I don't want him to lose the $25 he earned to pay for this card, and I'm sure he'll get at me for it as well.
Help?

You can't transfer an account's balance nor its purchases to another account - purchased will remain tied to the account that bought/downloaded them.
For his security questions, if he has a rescue email address (which is not the same thing as an alternate email address) set up on his account then he can go to https://appleid.apple.com/ and click 'Manage your Apple ID' on the right-hand side of that page and log into his account. Then click on 'Password and Security' on the left-hand side of that page and on the right-hand side he should see an option to send security question reset info to hie rescue email address.
If he doesn't have a rescue email address (he won't be able to add one until you can answer 2 of your questions) then he won't get the reset option - he will need to contact iTunes Support or Apple to get them reset.
e.g. he can try contacting iTunes Support : http://www.apple.com/support/itunes/contact/ - click on Contact iTunes Store Support on the right-hand side of the page, then Account Management , and then 'Forgotten Apple ID security questions'
or try ringing Apple in your country and ask to talk to the Accounts Security Team : http://support.apple.com/kb/HE57
When they've been reset (and if he doesn't already have a rescue email address) he can then use the steps half-way down this page to add a rescue email address for potential future use : http://support.apple.com/kb/HT5312 . Or, if it's available in your country, he could change to 2-step verification : http://support.apple.com/kb/HT5570

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You can't transfer an account's balance nor its purchases to another account - purchased will remain tied to the account that bought/downloaded them.
For his security questions, if he has a rescue email address (which is not the same thing as an alternate email address) set up on his account then he can go to https://appleid.apple.com/ and click 'Manage your Apple ID' on the right-hand side of that page and log into his account. Then click on 'Password and Security' on the left-hand side of that page and on the right-hand side he should see an option to send security question reset info to hie rescue email address.
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e.g. he can try contacting iTunes Support : http://www.apple.com/support/itunes/contact/ - click on Contact iTunes Store Support on the right-hand side of the page, then Account Management , and then 'Forgotten Apple ID security questions'
or try ringing Apple in your country and ask to talk to the Accounts Security Team : http://support.apple.com/kb/HE57
When they've been reset (and if he doesn't already have a rescue email address) he can then use the steps half-way down this page to add a rescue email address for potential future use : http://support.apple.com/kb/HT5312 . Or, if it's available in your country, he could change to 2-step verification : http://support.apple.com/kb/HT5570

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Aurum23 wrote:
So i am sharing my apple id (account) with both my mom and my sister. i now want my own apple id just for myself, but i want to transfer all my music,photos,and apps over to the new account. Is there a way?
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