Microsoft 365 features that help users manage their subscriptions, account settings, and billing information.
Hello and good day. I understand that you have cancelled your other Microsoft 365 subscription and have subscribed to a new one.
Please take note that you will not be able to use it as a payment as it will need to be refunded if you have requested for it.
If you have already requested for it and Microsoft has processed it then you will need to wait for the bank to return back it to you as this will also depend on your billing cycle.
You can also check the Microsoft support link below with regards to refunds for a Microsoft 365 subscription.