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Helpful answers
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Dec 3, 2012 8:03 PM in response to oakclby vea1083,This article may answer your question:
iTunes Store: How to redeem a code - Apple Support
From personal experience the iTunes store deducts the purchase price from the credit inside your account first rather than your debit card (the article makes an allusion that this is infact the case).
Hope you find this information helpful and welcome to Apple Support Communities.
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Dec 3, 2012 9:19 PM in response to oakclby HACKINT0SH,It will go from your Store Creidt. Only goes from your Credit Card if your store credit can't cover the full balance, or if you bought it as a gift.