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E-commerce Stores > Promo Rules | Mailchimp Marketing API Reference

Promo Rules help you create promo codes for your campaigns. Promo Rules define generic information about promo codes like expiration time, start time, amount of discount being offered etc. For a given promo rule you can define if it's a percentage discount or a fixed amount and if it applies for the order as a whole or if it's per item or free shipping. You can then create promo codes for this price rule. Promo codes contain the actual code that is applied at checkout along with some other information. Price Rules have one to many relationship with promo codes.

E-commerce Stores > Promo Codes | Mailchimp Marketing API Reference

Promo codes can be created for a given price rule. All the promo codes under a price rule share the generic information defined for that rule like the amount, type, expiration date etc. Promo code defines the more specific information about a promo code like the actual code, redemption_url, usage_count, etc that's unique to a code. Promo Code must be defined under a promo rule.