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I haven't heard of negotiating power for any standard internal line promotions (it's a different situation if you're being tapped to move internally elsewhere and they need to sweeten the deal, etc.). But open to learning if it is the something that happens.
I was able to negotiate a modest increase in base pay over the offered increase, but generally no - you do not have much ability to negotiate. Still does not hurt to try
How did you go about this?
Generally no, unless you are under market level or the standard 4-8% bump puts you too low in the new jobs pay band.