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Why would you ever use Miles on a fare that costs $400? If you use them correctly and book fares at the right time, the same miles you’re going to spend on a $400 flight would later cover a $1000 flight or more. Miles do have a value you don’t want to waste.
I want to upgrade to business or first and that’s 1200$ per ticket.
Since your points are across CCs you’re gonna need to transfer points all to the same airline (likely air Canada) then book directly on their website unless you have enough points from one of the CCs to book on their travel platform
Transfer to: Air Canada, United, British Airways, Air France, Virgin Atlantic are best bets to find award availability. Make an account with each and search your dates. If you find space, transfer the miles. If no space, you can wait and see if any open up.
But as others said that seems like a reasonable cash rate
That flight isn’t long enough to pay for an upgrade.