CarParts.com Inc. (NASDAQ: PRTS) announced the launch of the CarParts.com Mastercard, a credit card program developed in partnership with Concora Credit Inc. and powered by Mastercard.

The credit card offers 3% cashback rewards on all CarParts.com purchases and 1% cashback rewards on purchases everywhere else Mastercard is accepted. The program provides prequalification in minutes with no credit score impact and immediate access to a card number upon approval.

Cardholders will also receive access to Mastercard cardholder benefits and promotions. Concora Credit Inc. services the credit card program.

"Our strategy is centered on building a more complete, driver-first experience," said David Meniane, CEO of CarParts.com. "The CarParts.com Mastercard builds on a series of initiatives introduced over the past year, all aimed at simplifying vehicle care and giving customers more control over how they shop, manage, and maintain their vehicles."

The credit card launch follows other recent company initiatives including the CarParts+ Membership program, CarParts Euro and JC Whitney Performance Hub destinations, and the addition of more than 100,000 SKUs to the company's catalog.

The CarParts.com Mastercard is available to eligible customers nationwide. CarParts.com operates as a technology-led ecommerce company offering automotive parts and accessories, with headquarters in Torrance, California.