Exhibit 4.2

                                  ADVANTA CORP.

                  ACTION BY UNANIMOUS CONSENT IN WRITING OF THE
                           EXECUTIVE COMMITTEE OF THE
                               BOARD OF DIRECTORS

                               DATED APRIL 6, 2000


     The undersigned, constituting all the members of the Executive Committee of
the Board of Directors (the "Committee") of Advanta Corp. (the "Company"), by
unanimous consent in writing, without the formality of convening a meeting, do
hereby consent to the following actions of the Committee, namely the adoption of
the following resolutions:

     RESOLVED, that pursuant to the provisions of the Senior Indenture, dated as
     of October 23, 1995, between Advanta Corp. (the "Company") and Mellon Bank,
     N.A., as trustee, as amended by that certain Instrument of Resignation,
     Appointment and Acceptance, dated July 31, 1997, among Mellon Bank, N.A.
     and the Chase Manhattan Bank, as successor Trustee (together, the
     "Indenture"), the terms and conditions applicable to the following
     securities, which have been registered under the Registration Statement on
     Form S-3, File No. 333-33136 filed with the Securities and Exchange
     Commission on March 23, 2000 and declared effective on April 6, 2000 (the
     "Registration Statement"), shall be as set forth in the Company's
     prospectus relating to such securities on the effective date of the
     Registration Statement, and any amendments and supplements thereto, and
     such terms and conditions as set forth therein are incorporated herein by
     reference:

     RediReserve Variable Rate Certificates

     91 Day Investment Notes

     Six, 18 and 30 Month Investment Notes

     One, Two, Three, Four, Five, Seven and Ten Year Investment Notes

     RESOLVED, that each of the following officers of the Company, Philip M.
     Browne, Senior Vice President and Chief Financial Officer, Jeffrey D. Beck,
     Vice President and Treasurer, James L. Shreero, Vice President and Chief
     Accounting Officer, or their designees, be and hereby is authorized to
     determine and establish in a prospectus supplement the maturities of
     Investment Notes and their respective interest rates to be offered and sold
     by the Company from time to time and the interest rates applicable to tiers
     of end-of-the-day balances of Redireserve Variable Rate Certificates to be
     offered and sold by the Company from time to

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     time, including outstanding Redireserve Variable Rate Certificates, by
     filing prospectus supplements with the Securities and Exchange Commission
     as required under applicable law;

     RESOLVED, that each prospectus supplement filed in accordance with these
     resolutions shall be deemed to be a Company Order pursuant to Section 301
     of the Indenture.

IN WITNESS WHEREOF, the undersigned have executed this Unanimous Consent as of
the date first written above.



/s/ Dennis Alter                              /s/ Arthur P. Bellis
--------------------------------              --------------------------------
Dennis Alter                                  Arthur P. Bellis


/s/ Olaf Olafsson                             /s/ William A. Rosoff
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Olaf Olafsson                                 William A. Rosoff