In the USA, I have never heard "getting a rise" in the context of a pay increase. The two phrases have different, but related, meanings:
"The company is very profitable, so, that means that I'm getting a raise!"
A raise is an increase in salary or wages. It could be merit-based, which would often result from a "performance review", or it could be a cost of living raise, which has nothing to do with individual performance. So, a raise does not necessarily mean a promotion.
"The boss really likes me, so, I'm getting a promotion to Vice President!"
A promotion is a change in responsibility and/or title.
Ideally, a promotion should also include a merit-based raise, but some companies cannot afford raises or give title promotions without raises as a way to inexpensively motivate employees.