Itunes card issues

I had purchased a $25 itunes card and redeemed it on my 'The new iPad', but after doing so, it stated that I only have $18.06 credit. What happened to the rest of my $6 (and some-change)?

More than likely, you already had an iTunes balance of -$6.94. iTunes doesn't charge your credit card immediately when you make purchases. It's possible to make several purchases before Apple adds them all together and posts them as a batch to your credit card.
So when you redeemed your $25 iTunes card, it credited your account $25, but considering your previous balance of -$6.94 it resulted in your current $18.06 credit.

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