TS3297 MZcommerce.creditbalace mismatch_message error

I purchased an app with a gift card.  The downloaded and installed fine, but now I get an MZcommerce.creditbalace mismatch_message error whenever I try to install any new apps - including free ones. Anyone have a solution to this problem?

I tried your suggestion, but it in vain. Apple has a problem, I guess. The corrupt code fiasco few days ago and now this. Apple, what's going on? Very un-apple-like, this is.
FYI: I used a gift card to download the first app and now, it is not allowing anything...
Update: Signing out and then signing back in worked for me. I did this exercise in my iPad's App Store. Did the purchases there as well

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