bcworld
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In my experience, there is still no refund in that circumstance, unless you ask for one. I was downgraded on an SFO-MEL J redemption and stuck on UA SFO-SYD-MEL in Y. As well as the points there was a significant difference in surcharges. There was no refund unless I filled out forms requesting one, and wasted my time doing the maths to correct their dodgy calculations.All the above talk about fare difference refunds doesn't really apply in the OP's situation.
The OP used points to upgrade from Y to J.