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Exhibit 12

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

|                                               |                                                  |      |                    |        |                   |      |        |        |  |   |        |        |  |   |        |        | 
|---------------------------------------------- | ------------------------------------------------ | ---- | ------------------ | ------ | ----------------- | ---- | ------ | ------ |  | - | ------ | ------ |  | - | ------ | ------ | 
|                                               |                                                  |      | Three Months Ended |        | Nine Months Ended
|                                               |                                                  |      | September 30,      |        | September 30,    
|                                               |                                                  |      |                    |        |                  
|($ in thousands)                               |                                                  | 2003 |                    | 2002   |                   | 2003 |        | 2002  
|                                               |                                                  |      |                    |        |                   |      |        |       
|Income from continuing operations              |                                                  | $    | 6,851              |        |                   | $    | 6,316  |        |  | $ | 19,037 |        |  | $ | 17,674 |       
|Income tax expense                             |                                                  |      | 4,289              |        |                   |      | 3,954  |        |  |   | 11,917 |        |  |   | 11,064 |       
|                                               |                                                  |      |                    |        |                   |      |        |        |  |   |        |        |  |   |        |       
|Earnings before income taxes                   |                                                  |      | 11,140             |        |                   |      | 10,270 |        |  |   | 30,954 |        |  |   | 28,738 |       
|Fixed charges:                                 |                                                  |      |                    |        |                   |      |        |        |  |   |        |        |  |   |        |       
|                                               | Interest                                         |      |                    | 12,965 |                   |      |        | 11,052 |  |   |        | 37,347 |  |   |        | 36,531 | 
|                                               | One-third of all rentals                         |      |                    | 428    |                   |      |        | 466    |  |   |        | 1,732  |  |   |        | 1,389  | 
|                                               | Preferred stock dividend of
subsidiary trust (2) |      |                    | 2,248  |                   |      |        | 2,248  |  |   |        | 6,743  |  |   |        | 6,743  | 
|                                               |                                                  |      |                    |        |                   |      |        |        |  |   |        |        |  |   |        |       
|                                               | Total fixed charges                              |      |                    | 15,641 |                   |      |        | 13,766 |  |   |        | 45,822 |  |   |        | 44,663 | 
|                                               |                                                  |      |                    |        |                   |      |        |        |  |   |        |        |  |   |        |       
|Earnings before income taxes and
fixed charges |                                                  | $    | 26,781             |        |                   | $    | 24,036 |        |  | $ | 76,776 |        |  | $ | 73,401 |       
|Ratio of earnings to fixed charges
(1)         |                                                  |      | 1.71               | x      |                   |      | 1.75   | x      |  |   | 1.68   | x      |  |   | 1.64   | x     



|(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) |  | The expense related to preferred stock dividend of subsidiary trust
is classified as interest expense on the consolidated income
statements effective July 1, 2003 in accordance with SFAS No. 150,
Accounting for Certain Financial Instruments with Characteristics
of both Liabilities and Equity.