ok, so I accidentally applied the first credit to my wife's account. Amazon customer service manually switched the credit to my account and then I added the 2nd season. The amazon customer service rep is actually the one who told me I could use it however I saw fit. It even applied as a credit to the kindle store, the mp3 store, etc. So it could have just been a fluke with the first code.
I'll let you know how it goes when I burn up that initial credit.
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