Hello! This is from the ShoeDazzle team. We know that this question was raised over a year ago, but we would like to address it.

The $49.95 charge is converted into a VIP Credit that can only be used to make purchases. VIP Credits can be used to purchase any single item priced at up to $80, opt for a curated bundle, or select two items. This credit is available for your use when you are ready to make a purchase. If the credit is unused after a year since it was issued to the account, the credit will expire.

No you can only get another item that matches the same price they took