Redemed gift cards it ate my old funds on my account and only lowest gift card shows on balance.

I am just now getting around to putting in my digital gifts for holiday. I had money left over from last year b-day gift cards not much but enough for a couple of songs. I was entering in my gift card and it said it was accepted yet it had eaten my other funds. I haven't bought anything recently so I don't understand why it would have done this. Checking my email shows no new purchases either.

Hey KaiAsper,
Thanks for the question. Did you have a previously unpaid order? If so, the negative balance would have been subtracted from the gift card redemption:
Pay an unpaid balance in the iTunes Store - Apple Support
http://support.apple.com/en-us/HT203005
You can check your purchase billing history for information on unpaid orders:
See your purchase history in the iTunes Store - Apple Support
http://support.apple.com/en-us/HT201271
Thanks,
Matt M.

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