##### 



Exhibit 99.2 Independent Accountants Report Advanta Bank Corp., as Servicer
Advanta Business Receivables Corp., as Transferor: We have examined managements assertion that Advanta Bank Corp. (the Servicer) complied with
Article III and Sections 2.09 and 5.08 of the Transfer and Servicing Agreement dated as of August
1, 2000 among Advanta Bank Corp., as Servicer, Advanta Business Receivables Corp., as Transferor,
and Wilmington Trust Company, as Owner Trustee, and Sections 5.01(e), 8.03, 8.04, 8.05, 8.06, 8.07
and 8.08 of the Master Indenture dated as of August 1, 2000 and the provisions of each Series
Indenture Supplement referenced in the attached Exhibit A, among Wilmington Trust Company, as Owner
Trustee, and Deutsche Bank Trust Company Americas, as Indenture Trustee, during the year ended
December 31, 2004. Advanta Bank Corp.s management is responsible for Advanta Bank Corp.s
compliance with those requirements. Our responsibility is to express an opinion on managements
assertion about the Servicers compliance based on our examination. Our examination was conducted in accordance with attestation standards established by the
American Institute of Certified Public Accountants and, accordingly, included examining, on a test
basis, evidence about the Servicers compliance with those requirements and performing such other
procedures as we considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a legal
determination on the Servicers compliance with specified requirements. In performing this examination, we have assumed the accuracy of the reports prepared by the
Servicers third party credit card processor and did not extend our assessment to the relevant
aspects of the Servicers compliance that are the responsibility of the third party credit card
processor. Accordingly, our assessment does not extend to those aspects of the Servicers
compliance that are the responsibility of the third party credit card processor, and we do not
express any form of assurance on those compliance aspects. In our opinion, managements assertion that the Servicer complied with the aforementioned
requirements during the year ended December 31, 2004 is fairly stated, in all material respects. This report is intended solely for the information and use of the specified addressees, and is
not intended to be and should not be used by anyone other than these specified parties. /s/ KPMG LLP  Philadelphia, PennsylvaniaMarch 30, 2005




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##### 



EXHIBIT A ADVANTA BUSINESS CARD MASTER TRUST APPLICABLE SERIES INDENTURE SUPPLEMENT PROVISIONS SERIES
    
    SERIES
    
    
    SERIES
    
    
    SERIES
    
    
    SERIES
    
    
    SERIES
    
    
    SERIES
    
    
    
    
    
    
    AdvantaSeries,2000-C
    
    2001-A
    
    
    2002-A
    
    
    2003-A
    
    
    2003-B
    
    
    2003-C
    
    
    2003-D
    
    
    AdvantaSeries
    
    
    continued3.01 (b)
    
    
    3.01
    (b)
    
    
    3.01
    (b)
    
    
    3.01
    (b)
    
    
    3.01
    (b)
    
    
    3.01
    (b)
    
    
    3.01
    (b)
    
    
    3.01
    (b)
    
    
    4.184.01
    
    
    4.01
    
    
    
    4.01
    
    
    
    4.01
    
    
    
    4.01
    
    
    
    4.01
    
    
    
    4.01
    
    
    
    4.01
    
    
    
    4.194.02
    
    
    4.02
    
    
    
    4.02
    
    
    
    4.02
    
    
    
    4.02
    
    
    
    4.02
    
    
    
    4.02
    
    
    
    4.02
    
    
    
    4.204.03
    
    
    4.03
    
    
    
    4.03
    
    
    
    4.03
    
    
    
    4.03
    
    
    
    4.03
    
    
    
    4.03
    
    
    
    4.03
    
    
    
    4.224.04
    
    
    4.04
    
    
    
    4.04
    
    
    
    4.04
    
    
    
    4.04
    
    
    
    4.04
    
    
    
    4.04
    
    
    
    4.04
    
    
    
    4.234.05
    
    
    4.05
    
    
    
    4.05
    
    
    
    4.05
    
    
    
    4.05
    
    
    
    4.05
    
    
    
    4.05
    
    
    
    4.05
    
    
    
    4.244.06
    
    
    4.06
    
    
    
    4.06
    
    
    
    4.06
    
    
    
    4.06
    
    
    
    4.06
    
    
    
    4.06
    
    
    
    4.06
    
    
    
    4.254.07
    
    
    4.07
    
    
    
    4.07
    
    
    
    4.07
    
    
    
    4.07
    
    
    
    4.07
    
    
    
    4.07
    
    
    
    4.07
    
    
    
    4.324.08
    
    
    4.08
    
    
    
    4.08
    
    
    
    4.08
    
    
    
    4.08
    
    
    
    4.08
    
    
    
    4.08
    
    
    
    4.09
    
    
    
    5.02
    (a)4.09 (a)
    
    
    4.09
    (a)
    
    
    4.09
    (a)
    
    
    4.09
    (a)
    
    
    4.09
    (a)
    
    
    4.09
    (a)
    
    
    4.09
    (a)
    
    
    4.11
    
    
    
    6.01
    (c)4.10 (a)
    
    
    4.10
    (a)
    
    
    4.10
    (a)
    
    
    4.10
    (a)
    
    
    4.10
    (a)
    
    
    4.10
    (a)
    
    
    4.10
    (a)
    
    
    4.124.11 (a)
    
    
    4.11
    (a)
    
    
    4.11
    (a)
    
    
    4.11
    (a)
    
    
    4.11
    (a)
    
    
    4.11
    (a)
    
    
    4.11
    (a)
    
    
    4.135.03 (b)
    
    
    5.03
    (b)
    
    
    5.03
    (b)
    
    
    5.03
    (b)
    
    
    5.03
    (b)
    
    
    5.03
    (b)
    
    
    5.03
    (b)
    
    
    4.146.01 (c)
    
    
    6.01
    (c)
    
    
    6.01
    (c)
    
    
    6.01
    (c)
    
    
    6.01
    (c)
    
    
    6.01
    (c)
    
    
    6.01
    (c)
    
    
    4.15




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##### 



ASSERTION BY ADVANTA BANK CORP. The management of Advanta Bank Corp. (the Servicer) is responsible for complying with
Article III and Sections 2.09 and 5.08 of the Transfer and Servicing Agreement dated as of August
1, 2000 among Advanta Bank Corp., as Servicer, Advanta Business Receivables Corp., as Transferor,
and Wilmington Trust Company, as Owner Trustee, and Sections 5.01(e), 8.03, 8.04, 8.05, 8.06, 8.07
and 8.08 of the Master Indenture, and the provisions of each Series Indenture Supplement
referenced in the attached Exhibit A, among Wilmington Trust Company, as Owner Trustee, and
Deutsche Bank Trust Company Americas, as Indenture Trustee (together, the Agreements). Management has performed an evaluation of the Servicers compliance and based on this
evaluation management believes that the Servicer has complied with the requirements of the sections
of the Agreements referred to above during the year ended December 31, 2004. In providing this assertion on compliance, we have assumed the accuracy of the reports
prepared by the Servicers third party credit card processor and did not extend our assessment to
the relevant aspects of the Servicers compliance that are the responsibility of the third party
credit card processor. Accordingly, our assessment does not extend to those aspects of the
Servicers compliance that are the responsibility of the third party credit card processor, and we
do not express any form of assurance on those compliance aspects. /s/ David B. WeinstockDavid B. WeinstockActing Chief Financial Officer
  /s/ Michael CocoMichael CocoVice President and Treasurer




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##### 



EXHIBIT A ADVANTA BUSINESS CARD MASTER TRUST APPLICABLE SERIES INDENTURE SUPPLEMENT PROVISIONS SERIES
    
    SERIES
    
    
    SERIES
    
    
    SERIES
    
    
    SERIES
    
    
    SERIES
    
    
    SERIES
    
    
    
    
    
    
    AdvantaSeries,2000-C
    
    2001-A
    
    
    2002-A
    
    
    2003-A
    
    
    2003-B
    
    
    2003-C
    
    
    2003-D
    
    
    AdvantaSeries
    
    
    continued3.01 (b)
    
    
    3.01
    (b)
    
    
    3.01
    (b)
    
    
    3.01
    (b)
    
    
    3.01
    (b)
    
    
    3.01
    (b)
    
    
    3.01
    (b)
    
    
    3.01
    (b)
    
    
    4.184.01
    
    
    4.01
    
    
    
    4.01
    
    
    
    4.01
    
    
    
    4.01
    
    
    
    4.01
    
    
    
    4.01
    
    
    
    4.01
    
    
    
    4.194.02
    
    
    4.02
    
    
    
    4.02
    
    
    
    4.02
    
    
    
    4.02
    
    
    
    4.02
    
    
    
    4.02
    
    
    
    4.02
    
    
    
    4.204.03
    
    
    4.03
    
    
    
    4.03
    
    
    
    4.03
    
    
    
    4.03
    
    
    
    4.03
    
    
    
    4.03
    
    
    
    4.03
    
    
    
    4.224.04
    
    
    4.04
    
    
    
    4.04
    
    
    
    4.04
    
    
    
    4.04
    
    
    
    4.04
    
    
    
    4.04
    
    
    
    4.04
    
    
    
    4.234.05
    
    
    4.05
    
    
    
    4.05
    
    
    
    4.05
    
    
    
    4.05
    
    
    
    4.05
    
    
    
    4.05
    
    
    
    4.05
    
    
    
    4.244.06
    
    
    4.06
    
    
    
    4.06
    
    
    
    4.06
    
    
    
    4.06
    
    
    
    4.06
    
    
    
    4.06
    
    
    
    4.06
    
    
    
    4.254.07
    
    
    4.07
    
    
    
    4.07
    
    
    
    4.07
    
    
    
    4.07
    
    
    
    4.07
    
    
    
    4.07
    
    
    
    4.07
    
    
    
    4.324.08
    
    
    4.08
    
    
    
    4.08
    
    
    
    4.08
    
    
    
    4.08
    
    
    
    4.08
    
    
    
    4.08
    
    
    
    4.09
    
    
    
    5.02
    (a)4.09 (a)
    
    
    4.09
    (a)
    
    
    4.09
    (a)
    
    
    4.09
    (a)
    
    
    4.09
    (a)
    
    
    4.09
    (a)
    
    
    4.09
    (a)
    
    
    4.11
    
    
    
    6.01
    (c)4.10 (a)
    
    
    4.10
    (a)
    
    
    4.10
    (a)
    
    
    4.10
    (a)
    
    
    4.10
    (a)
    
    
    4.10
    (a)
    
    
    4.10
    (a)
    
    
    4.124.11 (a)
    
    
    4.11
    (a)
    
    
    4.11
    (a)
    
    
    4.11
    (a)
    
    
    4.11
    (a)
    
    
    4.11
    (a)
    
    
    4.11
    (a)
    
    
    4.135.03 (b)
    
    
    5.03
    (b)
    
    
    5.03
    (b)
    
    
    5.03
    (b)
    
    
    5.03
    (b)
    
    
    5.03
    (b)
    
    
    5.03
    (b)
    
    
    4.146.01 (c)
    
    
    6.01
    (c)
    
    
    6.01
    (c)
    
    
    6.01
    (c)
    
    
    6.01
    (c)
    
    
    6.01
    (c)
    
    
    6.01
    (c)
    
    
    4.15