Can I get some help with a few questions I have about merging separate Apple ID accounts for iTunes & App Store and iCloud & Game Center?

david_burns_red

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Nov 1, 2014
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Separate Apple ID accounts for iTunes & App Store and iCloud & Game Center

I currently have two Apple ID accounts for my iPhone 5S. The first Apple ID is for iTunes & App Store purchases. The second Apple ID is for my iCloud & Game Center. I'm trying to reduce my online accounts, so I would like to only use one Apple ID. So I have the following questions:

1. How would I set up my iTunes & App Store Apple ID to be used as my iCloud and Game Center as well?
2. Will I lose any data in this process?
3. What are the pros and cons, if any, of having two separate Apple IDs?