If you find a great fare to Europe, you might think you should use your miles on an international upgrade. Let's say I value the upgrade at $1000, which is quite high, I probably value it at closer to $500. It is quite annoying to find a great fare, and then look at the upgrade award chart to find out it was a K, an L, or a W and you have to pay 40k miles and $1100 to do the upgrade! This is like getting charged $1700 at best, way higher than my $1000 liberal valuation on it. The only decent upgrades seem to be on fares that were already pricey. Oh well, I guess you can't always have your cake and eat it too.
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