Redeem Netflix gift card on multiple accounts?

Can I use a Netflix gift card on multiple accounts? My idea is that I create an account, use the free month, pay a month, then cancel and repeat the whole thing. I know that violates the terms of use, but is that possible?

The gift card will be fully credited to the account where you redeem it. You can't take it with you.

You could of course make several accs, cancel after the trial month. But you have to enter valid payment details every time. So if you don't have tens of accounts you won't get very far.