VS Premium Economy Reward Upgrade Question

Apologies if this has been asked before!
I have booked and paid for in cash a flight for me and my partner, travelling in economy classic.
Am I correct in thinking that because I have paid in cash rather than miles, that I cannot use my Premium Economy Upgrade Reward voucher from my credit card on this flight?
I have booked and paid for in cash a flight for me and my partner, travelling in economy classic.
Am I correct in thinking that because I have paid in cash rather than miles, that I cannot use my Premium Economy Upgrade Reward voucher from my credit card on this flight?