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Consider whether a raise or a promotion are warranted. Maybe it’s just a raise, or maybe it’s a promotion with a bigger raise. I’d be careful about accepting a promotion without a raise. Negotiation includes benefits too, i.e. a bus pass in my city = 1200/yr. a week of vacay also has a dollar value.
And how much can I ask for?
Maybe you’ll consider the raise they offer fair, if not, you’ll just come across ungrateful. Now If you have another job offer, then you have leverage.
Congrats. Thanks awesome.
A promotion is the time to negotiate the $$.