##### Table of Contents



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-K
 (Mark One)
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 For the fiscal year ended December 31, 2006
 or
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission file number 333-32874
 ADVANTA BUSINESS CARD MASTER TRUST
  ADVANTA
BUSINESS RECEIVABLES CORP.
 (exact name of the depositor as specified in its charter)
 ADVANTA
BANK CORP.
 (exact name of the sponsor as specified in its charter)
 Nevada
    
    23-2852207(State or other jurisdiction of incorporation or organization)
    
    (I.R.S. Employer Identification No.)2215 B Renaissance Drive, Suite 5Las Vegas, Nevada
    
    89119(Address of principal executive offices)
    
    (Zip Code)
 Registrants telephone number, including area code:
    
    (702) 966-4246Securities registered pursuant to Section 12(b) of the Act:
    
    NoneSecurities registered pursuant to Section 12(g) of the Act:
    
    None
 o þ
 o þ
 þ o
 þ
  o o þ
 o þ




---



##### 



TABLE OF CONTENTS
 PagePART I
    
    
    3Item 1. Business
    
    
    3Item 1.A. Risk Factors
    
    
    3Item 1.B. Unresolved Staff Comments
    
    
    3Item 2. Properties
    
    
    3Item 3. Legal Proceedings
    
    
    3Item 4. Submission of Matters to a Vote of Security Holders
    
    
    3Item 1112(b) of Regulation AB, Significant Obligor Financial Information
    
    
    3Item 1114(b)(2)
of Regulation AB, Credit Enhancement and Other Support, Except
for Certain Derivatives Instruments (Financial Information)
    
    
    3Item 1115(b)
of Regulation AB, Certain Derivatives Instruments (Financial
Information)
    
    
    3Item 1117 of Regulation AB, Legal Proceedings
    
    
    3PART II
    
    
    4Item 5. Market For Registrants Common Equity, Related Stockholder Matters
and Issuer Purchases of Equity Securities
    
    
    4Item 6. Selected Financial Data
    
    
    4Item 7. Managements Discussion and Analysis of Financial Condition and
Results of Operations
    
    
    4Item 7A. Quantitative and Qualitative Disclosures About Market Risk
    
    
    4Item 8. Financial Statements and Supplementary Data
    
    
    4Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure
    
    
    4Item 9A. Controls and Procedures
    
    
    4Item 9B. Other Information
    
    
    4PART III
    
    
    4Item 10. Directors, Executive Officers and Corporate Governance
    
    
    4Item 11. Executive Compensation
    
    
    4Item 12. Security Ownership of Certain Beneficial Owners and Management and
Related Stockholder Matters
    
    
    5Item 13. Certain Relationships and Related Transactions, and Director
Independence
    
    
    5Item 14. Principal Accountant Fees and Services
    
    
    5Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related
Transactions
    
    
    5Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria
    
    
    5Item 1123 of Regulation AB, Servicer Compliance Statement
    
    
    5PART IV
    
    
    5Item 15. Exhibits, Financial Statement Schedules
    
    
    5Receivables Purchase AgreementConsent of KPMG LLPConsent of KPMG LLPCertification Pursuant to Section 302Report on Assessment of ComplianceReport on Assessment of ComplianceAttestation Report of KPMG LLPAttestation Report of KPMG LLPServicer Compliance Statement of Advanta Bank Corp.
  - 2 -




---



##### Table of Contents



PART I
 
 Item 1. Business.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 1.A. Risk Factors.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 1.B. Unresolved Staff Comments.None.
 
 Item 2. Properties.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 3. Legal Proceedings.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 4. Submission of Matters to a Vote of Security Holders.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 1112(b) of Regulation AB, Significant Obligor Financial Information.
  
 Item 1114(b)(2)
of Regulation AB, Credit Enhancement and Other Support, Except
for Certain Derivatives Instruments (Financial Information).
  
 Item 1115(b)
of Regulation AB, Certain Derivatives Instruments (Financial
Information). Item 1117 of Regulation AB, Legal Proceedings.
  - 3 -
    Table of Contents  PART II
 
 Item 5. Market For Registrants Common Equity, Related Stockholder Matters and
Issuer Purchases of Equity Securities.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 6. Selected Financial Data.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 7. Managements Discussion and Analysis of Financial Condition and Results of
Operations.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 7A. Quantitative and Qualitative Disclosures About Market Risk.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 8. Financial Statements and Supplementary Data.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 9A. Controls and Procedures.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 9B. Other Information.None.
 
 PART III
 
 Item 10. Directors, Executive Officers and Corporate Governance.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 11. Executive Compensation.Omitted in accordance with General Instruction J to Form 10-K.
 - 4 -
    Table of Contents  Item 12. Security Ownership of Certain Beneficial Owners and Management
and Related Stockholder Matters.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 13. Certain Relationships and Related Transactions, and Director
Independence.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 14. Principal Accountant Fees and Services.Omitted in accordance with General Instruction J to Form 10-K.
 
 Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related Transactions.
  
 Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.
  
 Item 1123 of Regulation AB, Servicer Compliance Statement.
  
 PART IV
 
 Item 15. Exhibits, Financial Statement Schedules.
 (a)
    
    (1) Not Applicable(2) Not Applicable(3) See Item 15 (b), below.(b)
    
    Exhibits
 3.1
    
    Articles of Incorporation of Advanta Business
Receivables Corp. (incorporated by reference to Exhibit 3.1 to the
registrants Form S-3/A, filed with the Securities and Exchange Commission
on July 13, 2000).3.2
    
    By-Laws of Advanta Business Receivables Corp.
(incorporated by reference to Exhibit 3.2 to the registrants Form S-3/A,
filed with the Securities and Exchange Commission on July 13, 2000).4.1
    
    Master Indenture, dated as of August 1, 2000, between
Wilmington Trust Company, as Owner Trustee of the Advanta Business Card
Master Trust, and
 - 5 -
    Table of Contents  Bankers Trust Company, as Indenture Trustee (incorporated
by reference to Exhibit 4.1 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on August 30, 2000), as amended May 9,
2006 (incorporated by reference to Exhibit 4.1 to the registrants Form
8-K, filed with the Securities and Exchange Commission on May 19, 2006).4.2
    
    Transfer and Servicing Agreement, dated as of August 1,
2000, among Advanta Business Receivables Corp., as Transferor, Advanta Bank
Corp., as Servicer, and Wilmington Trust Company, as Owner Trustee of the
Advanta Business Card Master Trust (incorporated by reference to Exhibit
4.3 to the registrants Form 8-K, filed with the Securities and Exchange
Commission on August 30, 2000), as amended May 9, 2006 (incorporated by
reference to Exhibit 4.3 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on May 19, 2006).4.3
    
    Trust Agreement of Advanta Business Card Master Trust,
dated as of August 1, 2000, between Advanta Business Receivables Corp., as
Transferor, and Wilmington Trust Company, as Owner Trustee (incorporated by
reference to Exhibit 4.4 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on August 30, 2000), as amended May 9,
2006 (incorporated by reference to Exhibit 4.2 to the registrants Form
8-K, filed with the Securities and Exchange Commission on May 19, 2006).4.4
    
    Administration Agreement, dated as of August 1, 2000,
between Wilmington Trust Company as Owner Trustee of the Advanta Business
Card Master Trust, and Advanta Bank Corp., as Administrator (incorporated
by reference to Exhibit 4.5 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on August 30, 2000).4.5
    
    Receivables Purchase Agreement, dated as of August 1,
2000, between Advanta Bank Corp. and Advanta Business Receivables Corp.4.6
    
    Series 2001-A Indenture Supplement, dated as of April
1, 2001, between Advanta Business Card Master Trust, as Issuer, and Bankers
Trust Company, as Indenture Trustee (incorporated by reference to Exhibit
4.1 to the registrants Form 8-K, filed with the Securities and Exchange
Commission on April 24, 2001).4.7
    
    Series 2003-A Indenture Supplement, dated as of
February 1, 2003, between Advanta Business Card Master Trust, as Issuer,
and Deutsche Bank Trust Company Americas, as Indenture Trustee
(incorporated by reference to Exhibit 4.1 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on February 27, 2003).4.8
    
    Series 2003-B Indenture Supplement, dated as of June 1,
2003, between Advanta Business Card Master Trust, as Issuer, and Deutsche
Bank Trust Company Americas, as Indenture Trustee (incorporated by
reference to Exhibit 4.1 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on June 26, 2003).4.9
    
    Series 2003-D Indenture Supplement, dated as of
December 1, 2003, between Advanta Business Card Master Trust, as Issuer,
and Deutsche Bank Trust Company Americas, as Indenture Trustee
(incorporated by reference to Exhibit 4.1 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on December 10, 2003).
 - 6 -
    Table of Contents  4.10
    
    AdvantaSeries Indenture Supplement, dated as of
November 1, 2004, between Advanta Business Card Master Trust, as Issuer,
and Deutsche Bank Trust Company Americas, as Indenture Trustee
(incorporated by reference to Exhibit 4.1 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on November 12, 2004).4.10.1
    
    AdvantaSeries Class C(2004-C1) Terms Document, dated November 10, 2004,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.2 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on November 12, 2004).4.10.2
    
    AdvantaSeries Class D(2004-D1) Terms Document, dated November 10, 2004,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.3 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on November 12, 2004).4.10.3
    
    AdvantaSeries Class B(2005-B1) Terms Document, dated April 21, 2005,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.1 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on April 21, 2005).4.10.4
    
    AdvantaSeries Class A(2005-A1) Terms Document, dated May 24, 2005,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.1 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on May 26, 2005).4.10.5
    
    AdvantaSeries Class D(2005-D1) Terms Document, dated May 24, 2005,
between Advanta Business Card Master Trust, as Issuer and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.2 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on May 26, 2005).4.10.6
    
    AdvantaSeries Class A(2005-A2) Terms Document, dated July 7, 2005,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.1 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on July 7, 2005).4.10.7
    
    AdvantaSeries Class C(2005-C1) Terms Document, dated September 21, 2005,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.1 to the registrants Form 8-K, filed with the Securities
and Exchange Commission on September 22, 2005).4.10.8
    
    AdvantaSeries Class A(2005-A3) Terms Document, dated October 26, 2005,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.1 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on October 26, 2005).4.10.9
    
    AdvantaSeries Class D(2005-D2) Terms Document, dated October 26, 2005,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
 - 7 -
    Table of Contents  Exhibit 4.1 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on October 26, 2005).4.10.10
    
    AdvantaSeries Class A(2005-A4) Terms Document, dated December 6, 2005,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.1 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on December 6, 2005).4.10.11
    
    AdvantaSeries Class A(2005-A5) Terms Document, dated December 6, 2005,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.2 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on December 6, 2005).4.10.12
    
    AdvantaSeries Class A(2006-A1) Terms Document, dated as of March 15,
2006, between Advanta Business Card Master Trust and Deutsche Bank Trust
Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.1 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on March 15, 2006).4.10.13
    
    AdvantaSeries Class A(2006-A2) Terms Document, dated as of March 15,
2006, between Advanta Business Card Master Trust and Deutsche Bank Trust
Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.2 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on March 15, 2006).4.10.14
    
    AdvantaSeries Class D(2006-D1) Terms Document, dated as of March 15,
2006, between Advanta Business Card Master Trust and Deutsche Bank Trust
Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.3 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on March 15, 2006).4.10.15
    
    AdvantaSeries Class A(2006-A3) Terms Document, dated June 8, 2006,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.1 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on June 8, 2006).4.10.16
    
    AdvantaSeries Class A(2006-A4) Terms Document, dated June 8, 2006,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.2 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on June 8, 2006).4.10.17
    
    AdvantaSeries Class D(2006-D2) Terms Document, dated June 8, 2006,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.3 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on June 8, 2006).4.10.18
    
    AdvantaSeries Class B(2006-B2) Terms Document, dated August 9, 2006,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.1 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on August 9, 2006).
 - 8 -
    Table of Contents  4.10.19
    
    AdvantaSeries Class A(2006-A5) Terms Document, dated October 24, 2006,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.1 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on October 24, 2006).4.10.20
    
    AdvantaSeries Class A(2006-A6) Terms Document, dated October 24, 2006,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.2 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on October 24, 2006).4.10.21
    
    AdvantaSeries Class D(2006-D3) Terms Document, dated October 24, 2006,
between Advanta Business Card Master Trust, as Issuer, and Deutsche Bank
Trust Company Americas, as Indenture Trustee (incorporated by reference to
Exhibit 4.3 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on October 24, 2006).4.10.22
    
    AdvantaSeries Class A(2006-A7) Terms Document, dated as of December 5,
2006, between Advanta Business Card Master Trust, as Issuer, and Deutsche
Bank Trust Company Americas, as Indenture Trustee (incorporated by
reference to Exhibit 4.1 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on December 5, 2006).4.10.23
    
    AdvantaSeries Class C(2006-C1) Terms Document, dated as of December 5,
2006, between Advanta Business Card Master Trust, as Issuer, and Deutsche
Bank Trust Company Americas, as Indenture Trustee (incorporated by
reference to Exhibit 4.2 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on December 5, 2006).10
    
    The items required to be filed as exhibits pursuant to
this Item 10 are incorporated by reference to Exhibits 4.1 through 4.10.23
above.23.1
    
    Consent of KPMG LLP23.2
    
    Consent of KPMG LLP31
    
    Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.33.1
    
    Report on Assessment of Compliance with Applicable
Servicing Criteria of Advanta Bank Corp.33.2
    
    Report on Assessment of Compliance with Applicable
Servicing Criteria of Deutsche Bank National Trust Company and Deutsche
Bank Trust Company Americas.34.1
    
    Attestation Report of KPMG LLP on Assessment of
Compliance with Servicing Criteria relating to Advanta Bank Corp.34.2
    
    Attestation Report of KPMG LLP on Assessment of
Compliance with Servicing Criteria relating to Deutsche Bank National Trust
Company and Deutsche Bank Trust Company Americas.35
    
    Servicer Compliance Statement of Advanta Bank Corp.
 (c)
    
    Not applicable.
 - 9 -
    Table of Contents  SIGNATURES
  ADVANTA BUSINESS CARD MASTER TRUSTBy:
    
    ADVANTA BUSINESS
RECEIVABLES CORP.,
 as DepositorBy:
    
    /s/ Michael CocoName:
    
    Michael CocoTitle:
    
    PresidentDated:
    
    March 29, 2007
 - 10 -
    Table of Contents  /s/ Michael CocoMichael CocoPresident, Director
(Principal Executive Officer and Principal Financial Officer)
Date: March 29, 2007/s/ Susan McVeighSusan McVeighVice President and Treasurer, Director
Date: March 29, 2007/s/ David B. WeinstockDavid B. WeinstockVice President and Chief Accounting Officer,
Director
(Principal Accounting Officer)
Date: March 29, 2007/s/ Kelly J. FlandersKelly J. FlandersDirector
Date: March 29, 2007/s/ Andrew T. PanaccioneAndrew T. PanaccioneDirector
Date: March 29, 2007 - 11 -
    Table of Contents  EXHIBIT
    
    DESCRIPTION3.1
    
    Articles of Incorporation of Advanta Business Receivables Corp. (incorporated by reference
to Exhibit 3.1 to the registrants Form S-3/A, filed with the Securities and Exchange
Commission on July 13, 2000).3.2
    
    By-Laws of Advanta Business Receivables Corp. (incorporated by reference to Exhibit 3.2 to
the registrants Form S-3/A, filed with the Securities and Exchange Commission on July 13,
2000).4.1
    
    Master Indenture, dated as of August 1, 2000, between Wilmington Trust Company, as Owner
Trustee of the Advanta Business Card Master Trust, and Bankers Trust Company, as Indenture
Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K, filed with
the Securities and Exchange Commission on August 30, 2000), as amended May 9, 2006
(incorporated by reference to Exhibit 4.1 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on May 19, 2006).4.2
    
    Transfer and Servicing Agreement, dated as of August 1, 2000, among Advanta Business
Receivables Corp., as Transferor, Advanta Bank Corp., as Servicer, and Wilmington Trust
Company, as Owner Trustee of the Advanta Business Card Master Trust (incorporated by
reference to Exhibit 4.3 to the registrants Form 8-K, filed with the Securities and
Exchange Commission on August 30, 2000), as amended May 9, 2006 (incorporated by reference
to Exhibit 4.3 to the registrants Form 8-K, filed with the Securities and Exchange
Commission on May 19, 2006).4.3
    
    Trust Agreement of Advanta Business Card Master Trust, dated as of August 1, 2000, between
Advanta Business Receivables Corp., as Transferor, and Wilmington Trust Company, as Owner
Trustee (incorporated by reference to Exhibit 4.4 to the registrants Form 8-K, filed with
the Securities and Exchange Commission on August 30, 2000), as amended May 9, 2006
(incorporated by reference to Exhibit 4.2 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on May 19, 2006).4.4
    
    Administration Agreement, dated as of August 1, 2000, between Wilmington Trust Company as
Owner Trustee of the Advanta Business Card Master Trust, and Advanta Bank Corp., as
Administrator (incorporated by reference to Exhibit 4.5 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on August 30, 2000).4.5
    
    Receivables Purchase Agreement, dated as of August 1, 2000, between Advanta Bank Corp. and
Advanta Business Receivables Corp.4.6
    
    Series 2001-A Indenture Supplement, dated as of April 1, 2001, between Advanta Business
Card Master Trust, as Issuer, and Bankers Trust Company, as Indenture Trustee
(incorporated by reference to Exhibit 4.1 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on April 24, 2001).4.7
    
    Series 2003-A Indenture Supplement, dated as of February 1, 2003, between Advanta Business
Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as Indenture
Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K, filed with
the Securities and Exchange Commission on February 27, 2003).4.8
    
    Series 2003-B Indenture Supplement, dated as of June 1, 2003, between Advanta Business
Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as Indenture
Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K, filed with
the Securities and Exchange Commission on June 26, 2003).4.9
    
    Series 2003-D Indenture Supplement, dated as of December 1, 2003, between Advanta Business
Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as Indenture
Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K, filed with
the Securities and Exchange Commission on December 10, 2003).
 - 12 -
    Table of Contents  EXHIBIT
    
    DESCRIPTION4.10
    
    AdvantaSeries Indenture Supplement, dated as of November 1, 2004, between Advanta Business
Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as Indenture
Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K, filed with
the Securities and Exchange Commission on November 12, 2004).4.10.1
    
    AdvantaSeries Class C(2004-C1) Terms Document, dated November 10, 2004, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.2 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on November 12, 2004).4.10.2
    
    AdvantaSeries Class D(2004-D1) Terms Document, dated November 10, 2004, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.3 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on November 12, 2004).4.10.3
    
    AdvantaSeries Class B(2005-B1) Terms Document, dated April 21, 2005, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on April 21, 2005).4.10.4
    
    AdvantaSeries Class A(2005-A1) Terms Document, dated May 24, 2005, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on May 26, 2005).4.10.5
    
    AdvantaSeries Class D(2005-D1) Terms Document, dated May 24, 2005, between Advanta
Business Card Master Trust, as Issuer and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.2 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on May 26, 2005).4.10.6
    
    AdvantaSeries Class A(2005-A2) Terms Document, dated July 7, 2005, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on July 7, 2005).4.10.7
    
    AdvantaSeries Class C(2005-C1) Terms Document, dated September 21, 2005, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on September 22, 2005).4.10.8
    
    AdvantaSeries Class A(2005-A3) Terms Document, dated October 26, 2005, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on October 26, 2005).4.10.9
    
    AdvantaSeries Class D(2005-D2) Terms Document, dated October 26, 2005, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on October 26, 2005).
 - 13 -
    Table of Contents  EXHIBIT
    
    DESCRIPTION4.10.10
    
    AdvantaSeries Class A(2005-A4) Terms Document, dated December 6, 2005, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K, filed with the Securities and Exchange Commission on December 6, 2005).4.10.11
    
    AdvantaSeries Class A(2005-A5) Terms Document, dated December 6, 2005, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.2 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on December 6, 2005).4.10.12
    
    AdvantaSeries Class A(2006-A1) Terms Document, dated as of March 15, 2006, between Advanta
Business Card Master Trust and Deutsche Bank Trust Company Americas, as Indenture Trustee
(incorporated by reference to Exhibit 4.1 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on March 15, 2006).4.10.13
    
    AdvantaSeries Class A(2006-A2) Terms Document, dated as of March 15, 2006, between Advanta
Business Card Master Trust and Deutsche Bank Trust Company Americas, as Indenture Trustee
(incorporated by reference to Exhibit 4.2 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on March 15, 2006).4.10.14
    
    AdvantaSeries Class D(2006-D1) Terms Document, dated as of March 15, 2006, between Advanta
Business Card Master Trust and Deutsche Bank Trust Company Americas, as Indenture Trustee
(incorporated by reference to Exhibit 4.3 to the registrants Form 8-K, filed with the
Securities and Exchange Commission on March 15, 2006).4.10.15
    
    AdvantaSeries Class A(2006-A3) Terms Document, dated June 8, 2006, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on June 8, 2006).4.10.16
    
    AdvantaSeries Class A(2006-A4) Terms Document, dated June 8, 2006, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.2 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on June 8, 2006).4.10.17
    
    AdvantaSeries Class D(2006-D2) Terms Document, dated June 8, 2006, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.3 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on June 8, 2006).4.10.18
    
    AdvantaSeries Class B(2006-B2) Terms Document, dated August 9, 2006, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on August 9, 2006).4.10.19
    
    AdvantaSeries Class A(2006-A5) Terms Document, dated October 24, 2006, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on October 24, 2006).
 - 14 -
    Table of Contents  EXHIBIT
    
    DESCRIPTION4.10.20
    
    AdvantaSeries Class A(2006-A6) Terms Document, dated October 24, 2006, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.2 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on October 24, 2006).4.10.21
    
    AdvantaSeries Class D(2006-D3) Terms Document, dated October 24, 2006, between Advanta
Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee (incorporated by reference to Exhibit 4.3 to the registrants Form 8-K,
filed with the Securities and Exchange Commission on October 24, 2006).4.10.22
    
    AdvantaSeries Class A(2006-A7) Terms Document, dated as of December 5, 2006, between
Advanta Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas,
as Indenture Trustee (incorporated by reference to Exhibit 4.1 to the registrants Form
8-K, filed with the Securities and Exchange Commission on December 5, 2006).4.10.23
    
    AdvantaSeries Class C(2006-C1) Terms Document, dated as of December 5, 2006, between
Advanta Business Card Master Trust, as Issuer, and Deutsche Bank Trust Company Americas,
as Indenture Trustee (incorporated by reference to Exhibit 4.2 to the registrants Form
8-K, filed with the Securities and Exchange Commission on December 5, 2006).10
    
    The items required to be filed as exhibits pursuant to this Item 10 are incorporated by
reference to Exhibits 4.1 through 4.10.23 above.23.1
    
    Consent of KPMG LLP23.2
    
    Consent of KPMG LLP31
    
    Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.33.1
    
    Report on Assessment of Compliance with Applicable Servicing Criteria of Advanta Bank Corp.33.2
    
    Report on Assessment of Compliance with Applicable Servicing Criteria of Deutsche Bank
National Trust Company and Deutsche Bank Trust Company Americas.34.1
    
    Attestation Report of KPMG LLP on Assessment of Compliance with Servicing Criteria
relating to Advanta Bank Corp.34.2
    
    Attestation Report of KPMG LLP on Assessment of Compliance with Servicing Criteria
relating to Deutsche Bank National Trust Company and Deutsche Bank Trust Company Americas.35
    
    Servicer Compliance Statement of Advanta Bank Corp.
 - 15 -