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Nov 26, 2015 6:26 AM in response to Sdhoffby AJ397,As long as it is an iTunes credit.
From the following article iCloud storage pricing - Apple Support:
Accepted payment methods for iCloud storage upgrades include credit cards, debit cards, and iTunes Store credit. If you don't have enough iTunes store credit to complete your upgrade, you'll be charged the remaining amount. Apple Store gift cards aren't accepted as payment for upgrading iCloud storage. Learn how to manage the amount of storage you're using.
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Nov 26, 2015 8:16 AM in response to Sdhoffby zinacef,Yup....that's how I currently for my iCloud storage, i.e. with credit from those iTunes store credit cards.