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EXHIBIT 12

                         ADVANTA CORP. AND SUBSIDIARIES
         CONSOLIDATED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

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                                                           THREE MONTHS ENDED              SIX MONTHS ENDED
($ IN THOUSANDS)                                                 JUNE 30,                       JUNE 30,
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                                                            2004           2003            2004             2003
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<S>                                                     <C>              <C>            <C>              <C>
Income from continuing operations                       $10,832          $ 6,281        $20,271          $12,186
Income tax expense                                        7,071            3,932         13,234            7,628
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Earnings before income taxes                             17,903           10,213         33,505           19,814
Fixed charges:
  Interest on debt, deposits and other borrowings         8,556           13,111         17,798           24,382
  Interest on subordinated debt
    payable to preferred securities
    trust(2)                                              2,290                0          4,579                0
  One-third of all rentals                                  408              664          1,042            1,304
  Preferred stock dividend of
    subsidiary trust(2)                                       0            2,248              0            4,495
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  Total fixed charges                                    11,254           16,023         23,419           30,181
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Earnings before income taxes and
  fixed charges                                         $29,157          $26,236        $56,924          $49,995
Ratio of earnings to fixed charges(1)                      2.59 x           1.64 x         2.43 x           1.66 x
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(1)     For purposes of computing these ratios, "earnings" represent income
        before income taxes plus fixed charges. "Fixed charges" consist of
        interest expense, one-third (the portion deemed representative of the
        interest factor) of rental expense on operating leases, and preferred
        stock dividends of subsidiary trust.

(2)     Our adoption of FIN 46, as revised, resulted in the deconsolidation of
        the subsidiary trust that issued our trust preferred securities
        effective December 31, 2003. As a result of the deconsolidation of that
        trust, the consolidated income statement includes interest expense on
        subordinated debt payable to preferred securities trust beginning
        January 1, 2004, as compared to periods through December 31, 2003 that
        included payments on the trust preferred securities classified as
        minority interest in income of consolidated subsidiary.