Document:

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                                                                     EXHIBIT 4.1
                                                                  EXECUTION COPY

                       ADVANTA BUSINESS CARD MASTER TRUST

                                     ISSUER

                                       AND

                      DEUTSCHE BANK TRUST COMPANY AMERICAS

                                INDENTURE TRUSTEE

                       ADVANTASERIES INDENTURE SUPPLEMENT

                          DATED AS OF NOVEMBER 1, 2004

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                                TABLE OF CONTENTS

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ARTICLE I           Creation of the AdvantaSeries Notes..........................................................      1
     Section 1.01        Designation.............................................................................      1
     Section 1.02        General Terms of the AdvantaSeries, Class or Tranche of Notes...........................      1
     Section 1.03        New Issuance of Notes...................................................................      3

ARTICLE II          Definitions..................................................................................      6
     Section 2.01        Definitions.............................................................................      6

ARTICLE III         Servicing Fee and Interchange................................................................     20
     Section 3.01        Servicing Compensation; Interchange.....................................................     20

ARTICLE IV          Allocations, Deposits and Payments...........................................................     21
     Section 4.01        Collections and Allocations.............................................................     21
     Section 4.02        Payments to the Transferor..............................................................     21
     Section 4.03        Allocations of Collections of Finance Charge and Administrative Receivables.............     21
     Section 4.04        Allocations of Principal Collections....................................................     21
     Section 4.05        Allocations of Available Finance Charge Collections to Payment of Interest..............     22
     Section 4.06        Amounts to be Treated as Available Finance Charge Collections; Other Deposits
                         for Payment of Interest.................................................................     22
     Section 4.07        Applications of Available Finance Charge Collections....................................     23
     Section 4.08        Computation of Interest.................................................................     24
     Section 4.09        Determination of Interest Payments......................................................     24
     Section 4.10        Calculation of Adjusted Invested Amount.................................................     25
     Section 4.11        Allocations of Reductions to the Adjusted Invested Amount Due to Investor
                         Charge-Offs.............................................................................     26
     Section 4.12        Allocations of Reimbursements of Adjusted Invested Amount Deficits......................     27
     Section 4.13        Allocation of Reductions of Adjusted Invested Amount of Subordinated Notes from
                         Reallocations of Available Principal Collections to Cover Interest Shortfalls or
                         Servicing Fee Shortfalls................................................................     27
     Section 4.14        Amounts to be Treated as Available Principal Collections................................     28
     Section 4.15        Application of Available Principal Collections..........................................     28
     Section 4.16        Required Deposits of Available Principal Collections to the Principal Funding
                         Sub-Accounts............................................................................     30
     Section 4.17        Allocations among Principal Funding Sub-Accounts........................................     30
     Section 4.18        Limit on Deposits to the Principal Funding Sub-Account of Subordinated Notes;
                         Limit on Repayments of all Tranches.....................................................     31
     Section 4.19        Calculation of Coverage Funding Required Amount.........................................     32
     Section 4.20        Withdrawals from Principal Funding Account..............................................     34
     Section 4.21        Adjustments to Required Subordinated Amounts............................................     35
     Section 4.22        Deposits to the Cash Collateral Account.................................................     35
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     Section 4.23        Withdrawals from the Cash Collateral Account............................................     36
     Section 4.24        Required Deposits to the Spread Account.................................................     38
     Section 4.25        Withdrawals from the Spread Account.....................................................     38
     Section 4.26        Distributions...........................................................................     40
     Section 4.27        Pro rata Payments within a Tranche......................................................     41
     Section 4.28        Netting of Deposits and Payments........................................................     41
     Section 4.29        Excess Finance Charge Collections Sharing...............................................     42
     Section 4.30        Shared Principal Collections............................................................     42
     Section 4.31        Investment Instructions.................................................................     42
     Section 4.32        Issuer Accounts.........................................................................     42
     Section 4.33        Final Payment...........................................................................     44

ARTICLE V           Delivery of Notes; Reports to AdvantaSeries Noteholders......................................     45
     Section 5.01        Delivery and Payment for the Notes; Form and Denomination...............................     45
     Section 5.02        Reports and Statements to AdvantaSeries Noteholders.....................................     45

ARTICLE VI          AdvantaSeries Pay Out Events; Event of Default...............................................     46
     Section 6.01        AdvantaSeries Pay Out Events............................................................     46
     Section 6.02        AdvantaSeries Event of Default..........................................................     47
     Section 6.03        Acceleration of Maturity; Rescission and Annulment......................................     47
     Section 6.04        Remedies; Priorities....................................................................     47
     Section 6.05        Optional Preservation of the Collateral.................................................     49

ARTICLE VII         Redemption of the Notes; Final Distributions; Series Termination.............................     50
     Section 7.01        Optional Redemption of the Notes; Final Distributions...................................     50
     Section 7.02        Series Termination......................................................................     51

ARTICLE VIII        Miscellaneous Provisions.....................................................................     52
     Section 8.01        Ratification of Indenture...............................................................     52
     Section 8.02        Form of Delivery of the Notes...........................................................     52
     Section 8.03        Amendment...............................................................................     52
     Section 8.04        Counterparts............................................................................     52
     Section 8.05        GOVERNING LAW...........................................................................     52
     Section 8.06        Limitation of Liability.................................................................     52
     Section 8.07        Representations and Warranties of the Issuer............................................     52
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EXHIBITS

EXHIBIT A-1       FORM OF CLASS A NOTE

EXHIBIT A-2       FORM OF CLASS B NOTE

EXHIBIT A-3       FORM OF CLASS C NOTE

EXHIBIT A-4       FORM OF CLASS D NOTE

EXHIBIT B         FORM OF MONTHLY PAYMENT INSTRUCTIONS AND
                  NOTIFICATION TO THE INDENTURE TRUSTEE

EXHIBIT C         FORM OF MONTHLY STATEMENT

EXHIBIT D         FORM OF MONTHLY SERVICER'S CERTIFICATE

EXHIBIT E-1       FORM OF CLASS A TERMS DOCUMENT

EXHIBIT E-2       FORM OF CLASS B TERMS DOCUMENT

EXHIBIT E-3       FORM OF CLASS C TERMS DOCUMENT

EXHIBIT E-4       FORM OF CLASS D TERMS DOCUMENT

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      ADVANTASERIES INDENTURE SUPPLEMENT, dated as of November 1, 2004 (the
"INDENTURE SUPPLEMENT"), between WILMINGTON TRUST COMPANY, as Owner Trustee of
ADVANTA BUSINESS CARD MASTER TRUST, a common law trust organized and existing
under the laws of the State of Delaware (herein, the "ISSUER" or the "TRUST"),
and DEUTSCHE BANK TRUST COMPANY AMERICAS (formerly known as Bankers Trust
Company), a banking corporation organized and existing under the laws of the
State of New York, not in its individual capacity, but solely as indenture
trustee (herein, together with its successors in the trusts thereunder as
provided in the Master Indenture referred to below, the "INDENTURE TRUSTEE")
under the Master Indenture, dated as of August 1, 2000 (the "INDENTURE") between
the Issuer and the Indenture Trustee (the Indenture, together with this
Indenture Supplement, the "AGREEMENT").

      Pursuant to Section 2.12 of the Indenture, the Transferor may direct the
Issuer, to issue one or more Series of Notes. The Principal Terms of this Series
are set forth in this Indenture Supplement to the Indenture.

                                    ARTICLE I
                       Creation of the AdvantaSeries Notes

      Section 1.01 Designation.

      (a) There is hereby created and designated a Series of Notes to be issued
pursuant to the Indenture and this Indenture Supplement to be known as "ADVANTA
BUSINESS CARD MASTER TRUST, ADVANTASERIES ASSET BACKED NOTES" or the "NOTES."
The Notes shall be issued in four Classes, the first of which shall be known as
the "ADVANTASERIES CLASS A ASSET BACKED NOTES," the second of which shall be
known as the "ADVANTASERIES CLASS B ASSET BACKED Notes," the third of which
shall be known as the "ADVANTASERIES CLASS C ASSET BACKED NOTES," and the fourth
of which shall be known as the "ADVANTASERIES CLASS D ASSET BACKED NOTES."

      (b) The AdvantaSeries shall be included in Group One and shall be a
Principal Sharing Series with respect to Group One only. The AdvantaSeries shall
be an Excess Allocation Series with respect to Group One only. The AdvantaSeries
shall not be subordinated to any other Series.

      Section 1.02 General Terms of the AdvantaSeries, Class or Tranche of
Notes.

      (a) The aggregate Principal Balance of Notes which may be authenticated
and delivered and Outstanding under this Indenture Supplement is not limited.

      (b) The Notes of a Class may be issued in one or more Tranches up to an
aggregate Principal Balance of Notes as from time to time may be authorized by
the Issuer. All Notes of each Class or Tranche under this Indenture Supplement
will in all respects be equally and ratably entitled to the benefits hereof with
respect to such Class or Tranche without preference, priority or distinction on
account of (i) the actual time of the authentication and delivery, (ii) the
Expected Final Principal Payment Date or (iii) the Final Maturity Date of the
Notes of such Class or Tranche, except as specified herein for such Class or
Tranche of Notes.

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      (c) Each Note issued must be part of a Class and Tranche of Notes for
purposes of allocations pursuant to this Indenture Supplement. Each Class of
Notes is created pursuant to this Indenture Supplement and each Tranche of Notes
is created pursuant to this Indenture Supplement and a Terms Document under this
Indenture Supplement. Forms of Terms Document for the Class A Notes, Class B
Notes, Class C Notes and Class D Notes are attached hereto as Exhibits E-1, E-2,
E-3 and E-4, respectively.

      (d) If a Class of Notes is not divided into separate Tranches, that Class
shall be deemed to be a distinct Tranche for purposes of this Indenture
Supplement.

      (e) Each Class of Notes may consist of a single Tranche or may be
subdivided into multiple Tranches. Notes of a single Class will belong to
different Tranches if they have different terms and conditions. With respect to
any Class of Notes, Notes which have identical terms, conditions and Tranche
designation will be deemed to be part of a single Tranche.

      (f) Before the initial issuance of Notes of each Class or Tranche, there
shall also be established in or pursuant to a Terms Document related to this
Indenture Supplement, provision for:

            (i) whether such Notes are of a particular Class of Notes or a
      Tranche of a Class of Notes;

            (ii) any additional times at which such Class or Tranche of Notes
      may, pursuant to any optional or mandatory redemption provisions, be
      redeemed, and the other terms and provisions of any such redemption
      provisions;

            (iii) the rate per annum at which such Class or Tranche of Notes
      will bear interest, if any, or the formula or index on which such rate
      will be determined, including all relevant definitions, and the date from
      which interest will accrue;

            (iv) each Interest Payment Date, Expected Final Principal Payment
      Date and the Final Maturity Date for such Class or Tranche of Notes;

            (v) the Initial Principal Balance of such Class or Tranche of Notes,
      and the means for calculating the Initial Principal Balance and the
      Outstanding Principal Balance of such Class or Tranche of Notes, if
      different from the means specified herein;

            (vi) any Events of Default or Pay Out Events with respect to such
      Class or Tranche of Notes, if not set forth herein and any additions,
      deletions or other changes to the Events of Default or Pay Out Events set
      forth herein that will be applicable to such Class or Tranche of Notes
      (including a provision making any Event of Default or Pay Out Event set
      forth herein inapplicable to the Notes of that Class or Tranche);

            (vii) if such Class or Tranche of Notes is to have the benefit of
      any derivative agreement, the terms and provisions of such agreement;

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            (viii) if such Class or Tranche of Notes is to have the benefit of
      any Series Enhancement or any credit enhancement solely for the benefit of
      that Class or Tranche, the terms and provisions of such enhancement;

            (ix) the Record Date for any Payment Date of such Class or Tranche
      of Notes, if different from the Business Day preceding such Payment Date;

            (x) whether and the conditions under which additional amounts will
      be payable to Noteholders;

            (xi) the amount required to be deposited into the Principal Funding
      Sub-Account for such Class or Tranche of Notes and the conditions and
      timing of such deposits;

            (xii) the amount of the AdvantaSeries Monthly Servicing Fee
      allocated to such Class or Tranche with respect to the first Payment Date
      following the Closing Date of such Class or Tranche; and

            (xiii) any other terms of such Notes as stated in the applicable
      Terms Document.

      (g) The form of the Notes of each Class or Tranche will be established
pursuant to the provisions of the Indenture, this Indenture Supplement and the
related Terms Document creating such Class or Tranche. The Notes of each Class
or Tranche will be distinguished from the Notes of each other Class or Tranche
in such manner as the Issuer may determine.

      (h) Any terms or provisions in respect of the Notes of any Class or
Tranche issued under the Indenture and this Indenture Supplement may be
determined pursuant to this Section by providing in the applicable Terms
Document for the method by which such terms or provisions will be determined.

      Section 1.03 New Issuance of Notes. (a) The Issuer may issue new Notes of
any Class or Tranche of Notes (including additional Notes of an Outstanding
Class or Tranche) to be included in the AdvantaSeries, so long as the following
conditions precedent are satisfied:

            (i) on or prior to the fifth Business Day before the related Closing
      Date, the Transferor delivers to the Owner Trustee, the Indenture Trustee
      and each Rating Agency notice of such new issuance;

            (ii) on or prior to the related Closing Date, the Transferor
      delivers to the Owner Trustee, the Indenture Trustee and each Rating
      Agency an Officer's Certificate to the effect that:

                  (A) the Transferor reasonably believes that the new issuance
            will not cause an Adverse Effect on any Outstanding Notes;

                  (B) all instruments furnished to the Indenture Trustee conform
            to the requirements of this Indenture Supplement and constitute
            sufficient authority hereunder for the Indenture Trustee to
            authenticate and deliver such Notes;

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                  (C) the form and terms of such Notes have been established in
            conformity with the provisions of this Indenture Supplement;

                  (D) the conditions precedent set forth in Sections
            1.03(vii)-(xii) have been satisfied or waived; and

                  (E) such other matters as the Indenture Trustee may reasonably
            request;

            (iii) on or prior to the related Closing Date, the Transferor and/or
      the Issuer will have delivered to the Indenture Trustee and each Rating
      Agency an Opinion of Counsel, which may be from internal counsel of the
      Transferor, that the Issuer has the power and authority to issue such
      Notes and such Notes have been duly authorized and delivered by the Issuer
      and, assuming due authentication and delivery by the Indenture Trustee at
      the written direction of the Issuer, constitute legal, valid and binding
      obligations of the Issuer enforceable in accordance with their terms
      (subject, as to enforcement of remedies, to applicable bankruptcy,
      reorganization, insolvency, moratorium or other laws and legal principles
      affecting creditors' rights generally from time to time in effect and to
      general equitable principles, whether applied in an action at law or in
      equity) and are entitled to the benefits of the Indenture and this
      Indenture Supplement, equally and ratably with all other Outstanding
      Notes, if any, of such Class or Tranche, subject to the terms of the
      Indenture, the Indenture Supplement and each Terms Document;

            (iv) on or prior to the related Closing Date, the Transferor will
      have delivered to the Indenture Trustee and the Rating Agencies a Tax
      Opinion with respect to such issuance;

            (v) the Issuer obtains confirmation that the new issuance will
      satisfy the Rating Agency Condition;

            (vi) on or prior to the related Closing Date, the Issuer will have
      executed with the Indenture Trustee a Terms Document relating to the
      applicable Class or Tranche of Notes;

            (vii) when issued, the additional Notes of an Outstanding Tranche
      will be identical in all respects to the other Outstanding Notes of that
      Tranche and will be equally and ratably entitled to the benefits of the
      Indenture and this Indenture Supplement as the other Outstanding Notes of
      that Tranche without preference, priority or distinction;

            (viii) on or prior to the related Closing Date, the Transferor shall
      have deposited, caused to have been deposited or have maintained funds in
      the Spread Account such that immediately after the issuance of the new
      Notes, the ratio of the amount on deposit in the Spread Account to the
      Required Spread Account Amount is equal to or greater than the same ratio
      immediately preceding such issuance;

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            (ix) immediately after giving effect to such issuance, with respect
      to the Class A Notes, the sum of the Adjusted Invested Amounts of the
      Subordinated Notes must be at least equal to the Class A Required
      Subordinated Amount;

            (x) immediately after giving effect to such issuance, with respect
      to the Class B Notes, the sum of the Adjusted Invested Amounts of the
      Subordinated Notes must be at least equal to the Class B Required
      Subordinated Amount;

            (xi) immediately after giving effect to such issuance, with respect
      to the Class C Notes, the sum of the Adjusted Invested Amounts of the
      Subordinated Notes must be at least equal to the Class C Required
      Subordinated Amount;

            (xii) on or prior to the related Closing Date, the Transferor shall
      have deposited, caused to have been deposited or maintained funds in the
      Cash Collateral Account such that immediately after giving effect to such
      issuance, the amount on deposit in the Cash Collateral Account for the
      AdvantaSeries must be at least equal to the Required Cash Collateral
      Account Amount; and

            (xiii) any other conditions specified in the related Terms Document;

provided, however, that any one of the aforementioned conditions may be
eliminated (other than clauses (iv) and (vi)) or modified as a condition
precedent to any new issuance of Notes if the Rating Agency Condition has been
satisfied. In no event shall the Indenture Trustee be obligated to ensure or
monitor that the conditions precedent set forth in this Section 1.03 have been
satisfied or waived.

      (b) The Issuer and the Indenture Trustee will not be required to provide
prior notice to or to obtain the consent of any Noteholder of any Outstanding
Series, Class or Tranche to issue any additional Notes of any Class or Tranche.

      (c) There are no restrictions on the timing or amount of any additional
issuance of any Notes, so long as the conditions described in this Section 1.03
are met or, except for clause (iv) and (vi) above, waived.

                               [END OF ARTICLE I]

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                                   ARTICLE II
                                   Definitions

      Section 2.01 Definitions.(a) Whenever used in this Indenture Supplement,
the following words and phrases shall have the following meanings, and the
definitions of such terms are applicable to the singular as well as the plural
forms of such terms and the masculine as well as the feminine and neuter genders
of such terms. All capitalized terms not otherwise defined herein are defined in
the Indenture, the Transfer and Servicing Agreement or the Trust Agreement. Each
capitalized term defined herein shall relate only to the Notes and no other
Series of Notes issued by the Issuer, unless the context otherwise requires. In
the event that any term or provision contained herein shall conflict with or be
inconsistent with any term or provision contained in the Indenture, the Transfer
and Servicing Agreement or the Trust Agreement, the terms and provisions of this
Indenture Supplement shall be controlling.

      "Accumulation Period" means, for any Tranche of Notes, the Accumulation
Period specified in the Terms Document for such Tranche of Notes.

      "Adjusted Invested Amount" means, with respect to any Tranche of Notes,
the amount calculated pursuant to Section 4.10. The Adjusted Invested Amount for
the AdvantaSeries will be the sum of the Adjusted Invested Amounts of all of the
Tranches of Notes.

      "Adjusted Invested Amount Deficit" means, with respect to any Tranche of
Notes, the excess of the Adjusted Outstanding Principal Balance of that Tranche
over the Adjusted Invested Amount of that Tranche. The Adjusted Invested Amount
Deficit for the AdvantaSeries will be the sum of the Adjusted Invested Amount
Deficits for all Tranches of Notes.

      "Adjusted Outstanding Principal Balance" means at any time with respect to
any Class or Tranche of Notes, the Outstanding Principal Balance of all
Outstanding Notes of such Class or Tranche of Notes at such time, less any funds
on deposit and allocated for principal in any Issuer Account for the benefit of
such Class or Tranche of Notes at such time.

      "AdvantaSeries" shall mean the Series of Notes the terms of which are
specified in this Indenture Supplement.

      "AdvantaSeries Defaulted Amount" means, with respect to any Payment Date,
an amount equal to the product of (a) the Defaulted Amount for the related
Monthly Period and (b) the Floating Investor Percentage for such Monthly Period.

      "AdvantaSeries Monthly Servicing Fee" means, with respect to any Monthly
Period, the amount of the Servicing Fee allocated to the AdvantaSeries pursuant
to Section 3.01(a) and as set forth in any Terms Document.

      "AdvantaSeries Noteholder" shall mean a Class A Noteholder, a Class B
Noteholder, a Class C Noteholder or a Class D Noteholder.

      "AdvantaSeries Pay Out Event" shall have the meaning specified in Section
6.01.

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      "AdvantaSeries Principal Shortfall" means, for any Payment Date, for the
Notes, an amount equal to (a) if a Pay Out Event with respect to all Notes
occurs, zero, and otherwise, (b) the excess, if any, of the Required Principal
Deposit Amount for all Classes or Tranches of Notes with respect to such Payment
Date over the amount of Available Principal Collections remaining after any
applications of Available Principal Collections pursuant to Section 4.15(a)
through (d) for such Payment Date (excluding any portion thereof attributable to
Shared Principal Collections); provided, however, that the Transferor, when
authorized by an Officer's Certificate, may amend or otherwise modify this
definition of AdvantaSeries Principal Shortfall provided the Rating Agency
Condition shall have been satisfied with respect to such amendment or
modification.

         "AdvantaSeries Reset Date" shall mean, any date that is (i) an Addition
Date, (ii) a date on which an increase or decrease in the Adjusted Invested
Amount of any Tranche of Notes that is a variable principal funding Tranche
occurs, (iii) a Removal Date or (iv) a date on which an increase in the Adjusted
Invested Amount of the AdvantaSeries occurs as a result of (A) the issuance of a
new Tranche of Notes or the issuance of additional Notes of an Outstanding
Tranche of Notes or (B) the release of Coverage Funding Excess Amounts (other
than amounts that were deposited into the applicable Principal Funding
Sub-Account for any Class or Tranche of Notes during the related Monthly Period)
for any Class or Tranche of Notes from the applicable Principal Funding
Sub-Account.

         "AdvantaSeries Termination Date" means the Final Maturity Date of the
last Outstanding Tranche of Notes.

         "Aggregate Outstanding Principal Balance" shall mean, on any date of
determination, an amount equal to the sum of the Outstanding Principal Balances
of all Classes of Outstanding Notes.

         "Asset Sales Proceeds" means, for any Tranche of Notes, the proceeds of
the sale of a Foreclosure Certificate with respect to such Tranche pursuant to
Section 6.04. Asset Sales Proceeds do not constitute Available Principal
Collections.

         "Asset Sales Proceeds Deposit Amount" means, for any Tranche of Notes
in respect of which the Trust has received Asset Sales Proceeds, the amount of
Asset Sales Proceeds on deposit in the Principal Funding Sub-Account for such
Tranche.

         "Available Cash Collateral Account Amount" means, with respect to any
Payment Date, an amount equal to the lesser of (a) the amount on deposit in the
Cash Collateral Account on such date (before giving effect to any deposit to, or
withdrawal from, the Cash Collateral Account made or to be made with respect to
such date) and (b) the Required Cash Collateral Account Amount for such Payment
Date.

         "Available Finance Charge Collections" shall mean, with respect to any
Monthly Period, an amount equal to the sum of (a) the Floating Investor
Percentage for such Monthly Period of Collections of Finance Charge and
Administrative Receivables deposited in the Collection Account for such Monthly
Period pursuant to Section 4.03, plus (b) any amounts to be treated as Available
Finance Charge Collections pursuant to Section 4.06(a) and 6.04(b)(iv), plus (c)
any

                                      - 7 -
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amounts to be treated as Available Finance Charge Collections pursuant to any
Terms Document.

      "Available Principal Collections" shall mean, with respect to any Monthly
Period, an amount equal to the sum of (a) the Investor Principal Collections for
such Monthly Period, plus (b) any amounts to be treated as Available Principal
Collections pursuant to Section 4.14.

      "Base Rate" shall mean, with respect to any Monthly Period, the per annum
rate equal to the sum of (b) the Servicing Fee Rate and (b) the Weighted Average
Interest Rate.

      "Cash Collateral Account" means the trust account designated as such and
established pursuant to Section 4.32.

      "Cash Collateral Account Deficit" means the excess of the Required Cash
Collateral Account Amount over the Available Cash Collateral Account Amount.

      "Cash Collateral Account Floor" means, 1.00%, provided that the Transferor
may, from time to time, change such percentage upon (i) written notice to the
Indenture Trustee and (ii) prior written confirmation from each Rating Agency
then rating any Class or Tranche of then Outstanding Notes that the change will
not cause a reduction or withdrawal of the rating of any Outstanding Class or
Tranche.

      "Class A Noteholder" shall mean the Person in whose name a Class A Note is
registered in the Note Register.

      "Class A Notes" shall mean any one of the Notes specified in the
applicable Terms Document as belonging to Class A, executed by the Issuer and
authenticated by or on behalf of the Indenture Trustee, substantially in the
form of EXHIBIT A-1.

      "Class A Required Subordinated Amount" shall mean, subject to modification
in accordance with Section 4.21, as of any date of determination, an amount
equal to the product of (i) 21.5805% (17.75 divided by 82.25) times (ii) the
aggregate Adjusted Outstanding Principal Balance of the Class A Notes as of such
date of determination; provided, however, that if a Pay Out Event has occurred
with respect to the Class A Notes, then for so long as such Pay Out Event is
continuing, the Class A Required Subordinated Amount will be the greater of (x)
the Class A Required Subordinated Amount on the date of determination and (y)
the Class A Required Subordinated Amount on the date immediately prior to the
occurrence of such Pay Out Event.

      "Class B Noteholder" shall mean the Person in whose name a Class B Note is
registered in the Note Register.

      "Class B Notes" shall mean any one of the Notes specified in the
applicable Terms Document as belonging to Class B, executed by the Issuer and
authenticated by or on behalf of the Indenture Trustee, substantially in the
form of EXHIBIT A-2.

      "Class B Required Subordinated Amount" shall mean, subject to modification
in accordance with Section 4.21, as of any date of determination, an amount
equal to the product of

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(i) 8.9918% (8.25 divided by 91.75) times (ii) the aggregate Adjusted
Outstanding Principal Balance of the Class A Notes and the Class B Notes as of
such date of determination; provided, however, that if a Pay Out Event has
occurred with respect to the Class B Notes, then for so long as such Pay Out
Event is continuing, the Class B Required Subordinated Amount will be the
greater of (x) the Class B Required Subordinated Amount on the date of
determination and (y) the Class B Required Subordinated Amount on the date
immediately prior to the occurrence of such Pay Out Event.

      "Class C Noteholder" shall mean the Person in whose name a Class C Note is
registered in the Note Register.

      "Class C Notes" shall mean any one of the Notes specified in the
applicable Terms Document as belonging to Class C, executed by the Issuer and
authenticated by or on behalf of the Indenture Trustee, substantially in the
form of EXHIBIT A-3.

      "Class C Required Subordinated Amount" shall mean, subject to modification
in accordance with Section 4.21, as of any date of determination, an amount
equal to the product of (i) 3.6269% (3.50 divided by 96.50) times (ii) the
aggregate Adjusted Outstanding Principal Balance of the Class A Notes, the Class
B Notes and the Class C Notes as of such date of determination; provided,
however, that if a Pay Out Event has occurred with respect to the Class C Notes,
then for so long as such Pay Out Event is continuing, the Class C Required
Subordinated Amount will be the greater of (x) the Class C Required Subordinated
Amount on the date of determination and (y) the Class C Required Subordinated
Amount on the date immediately prior to the occurrence of such Pay Out Event.

      "Class D Noteholder" shall mean the Person in whose name a Class D Note is
registered in the Note Register.

      "Class D Notes" shall mean any one of the Notes specified in the
applicable Terms Document as belonging to Class D, executed by the Issuer and
authenticated by or on behalf of the Indenture Trustee, substantially in the
form of EXHIBIT A-4.

      "Closing Date" means: (i) for a Class or Tranche of Notes, the date of
initial issuance of such Class or Tranche, as set forth in the related Terms
Document; and (ii) for additional notes of a Class or Tranche issued after the
initial issuance of notes of such Class or Tranche, the date of such issuance.

      "Coverage Funding Excess Amount" means, with respect to any Senior Class
or Tranche of Notes for any date, after giving effect to all issuances,
allocations, deposits and payments with respect to that date, the aggregate
amounts on deposit in the Principal Funding Sub-Accounts of the Notes of that
Class or Tranche that are in excess of the aggregate amount required to be on
deposit in those Principal Funding Sub-Accounts pursuant to Section 4.16 and the
related Terms Document.

      "Coverage Funding Required Amount" means the amount calculated pursuant to
Section 4.19.

                                      - 9 -
<PAGE>

      "Derivative Agreement" means any interest rate or other swap, cap, collar,
guaranteed investment contract or other derivative agreement.

      "Derivative Counterparty" means any party to any Derivative Agreement
other than the Issuer or the Indenture Trustee.

      "Determination Date" means, unless otherwise specified in a Terms Document
for a particular Tranche, the third Business Day preceding the fifteenth day of
each calendar month.

      "Early Amortization Period" shall mean, for any Tranche of Notes, the
period commencing on the Business Day on which a Pay Out Event with respect to
the related Tranche is deemed to have occurred, and ending on the first to occur
of (i) the payment in full of the Outstanding Principal Balance and (ii) the
Final Maturity Date, in each case with respect to the related Tranche of Notes.

      "Excess Finance Charge Collections" means, with respect to any Payment
Date with respect to the AdvantaSeries, the amount of Available Finance Charge
Collections for such Payment Date available after application in accordance with
Sections 4.07(a) through (j).

      "Excess Spread Amount" means, with respect to any Monthly Period, the
aggregate amount of Available Finance Charge Collections (excluding any amounts
treated as Available Finance Charge Collections pursuant to Section 4.06(a)(i)
(to the extent the PFA Earnings Shortfall relates to the Coverage Funding
Required Amount) and Section 4.06(a)(iii)) minus the sum of the amounts, without
duplication, determined pursuant to Sections 4.07(a) - (f) for the related
Payment Date.

      "Excess Spread Percentage" shall mean with respect to any Payment Date, a
percentage equal to the Net Portfolio Yield for the preceding Monthly Period
minus the Base Rate for the preceding Monthly Period.

      "Expected Final Principal Payment Date" means, with respect to any Class
or Tranche of Notes, the scheduled due date of any payment of principal on such
Notes, as specified in the related Terms Document, or if such day is not a
Business Day, the next following Business Day.

      "Final Maturity Date" means, with respect to a Class or Tranche of Notes,
the date specified in the related Terms Document for such Note as the fixed date
on which the principal of such Class or Tranche of Notes is due and payable.

      "Finance Charge Shortfall" means, for the AdvantaSeries, for any Payment
Date the amount equal to the excess, if any, of (a) the full amount required to
be paid, without duplication, pursuant to Sections 4.07(a) through (j) on such
Payment Date (excluding the amount described in Section 4.07(i)), over (b) the
Available Finance Charge Collections with respect to such Payment Date
(excluding any portion thereof attributable to Excess Finance Charge Collections
described in Section 4.06(a)(iii)).

      "Fixed Investor Percentage" means, for any Monthly Period, for the Notes,
the percentage equivalent (which percentage shall not exceed 100%) of a
fraction, (a) the numerator of which is equal to the sum of the Principal
Allocation Amounts for all Classes or Tranches of

                                     - 10 -
<PAGE>

Notes as of the close of business of the last day of the preceding Monthly
Period (or with respect to the first Monthly Period, as of the date of issuance
of the first Tranche pursuant to this Indenture Supplement), and (b) the
denominator of which is the greater of (i) the sum of (A) the total amount of
Principal Receivables in the Trust as of the close of business on the last day
of the immediately preceding Monthly Period (or with respect to the first
calendar month in the first Monthly Period, the total amount of Principal
Receivables in the Trust as of the close of business on the date of issuance of
the first Tranche pursuant to this Indenture Supplement) and (B) the principal
amount on deposit in the Excess Funding Account as of the close of business on
such last day (or with respect to the first calendar month in the first Monthly
Period, the date of issuance of the first Tranche pursuant to this Indenture
Supplement) and (ii) the sum of the numerators used to calculate the investor
percentages for allocations with respect to Principal Receivables for all Series
of Notes for such Monthly Period; provided, however, that with respect to any
Monthly Period in which one or more AdvantaSeries Reset Dates occur, the Fixed
Investor Percentage shall be recalculated as provided above but the numerator
shall be determined as of such AdvantaSeries Reset Date and the denominator
shall be determined as of the opening of business on the related AdvantaSeries
Reset Date after adjusting for the aggregate amount of any Principal Receivables
added to or removed from the Trust on the related AdvantaSeries Reset Date, for
the period from and after the date on which any such AdvantaSeries Reset Date
occurs to but excluding the date, if any, on which another such AdvantaSeries
Reset Date occurs or, if no other AdvantaSeries Reset Date occurs during such
Monthly Period, to and including the last day of such Monthly Period.

      "Floating Allocation Amount" means, for any date of determination during
any Monthly Period, for any Class or Tranche of Notes (exclusive of (x) any
Class or Tranche of Notes for such Monthly Period which will be paid in full
during such Monthly Period and (y) any Class or Tranche of Notes which will have
an Adjusted Invested Amount of zero during such Monthly Period), an amount equal
to:

            (a) the Adjusted Invested Amount of such Class or Tranche of Notes
      as of the close of business on the last day of the preceding Monthly
      Period, or with respect to the first Monthly Period for any Class or
      Tranche of Notes, the Initial Principal Balance of such Class or Tranche,
      plus

            (b) the aggregate amount of any increase in the Adjusted Invested
      Amount of any Class or Tranche of Notes during the current Monthly Period
      due to (x) the issuance of additional Notes of such Class or Tranche of
      Notes during such Monthly Period or (y) the release of Coverage Funding
      Excess Amounts (other than amounts that were deposited into the applicable
      Principal Funding Sub-Account for such Class or Tranche of Notes during
      such Monthly Period) for such Class or Tranche of Notes from the
      applicable Principal Funding Sub-Account or (z) an increase in the
      Adjusted Invested Amount of any Tranche of Notes that is a variable
      principal funding Tranche; minus

            (c) the aggregate amount of any decrease in the Adjusted Invested
      Amount of any Class or Tranche of Notes that is a variable principal
      funding Tranche.

      "Floating Investor Percentage" means, for any Monthly Period, for the
Notes, the percentage equivalent (which percentage shall not exceed 100%) of a
fraction, (a) the numerator

                                     - 11 -
<PAGE>

of which is the sum of the Floating Allocation Amounts as of the close of
business on the last day of the preceding Monthly Period of all Classes and
Tranches of Notes for such Monthly Period (or with respect to the first Monthly
Period, as of the date of issuance of the first Tranche pursuant to this
Indenture Supplement), and (b) the denominator of which is the greater of (i)
the sum of (A) the total amount of Principal Receivables in the Trust as of the
close of business on the last day of the immediately preceding Monthly Period
(or with respect to the first calendar month in the first Monthly Period, the
total amount of Principal Receivables in the Trust as of the close of business
on the date of issuance of the first Tranche pursuant to this Indenture
Supplement) and (B) the principal amount on deposit in the Excess Funding
Account as of the close of business on such last day (or with respect to the
first calendar month in the first Monthly Period, as of the date of issuance of
the first Tranche pursuant to this Indenture Supplement) and (ii) sum of the
numerators used to calculate the investor percentages for allocations with
respect to Finance Charge and Administrative Receivables, Defaulted Amounts or
Principal Receivables, as applicable, for all Series of Notes for such Monthly
Period; provided, however, that with respect to any Monthly Period in which one
or more AdvantaSeries Reset Dates occur, the Floating Investor Percentage shall
be recalculated as provided above but the numerator shall be determined as of
such AdvantaSeries Reset Date and the denominator shall be determined as of the
opening of business on the related AdvantaSeries Reset Date after adjusting for
the aggregate amount of any Principal Receivables added to or removed from the
Trust on the related AdvantaSeries Reset Date, for the period from and after the
date on which any such AdvantaSeries Reset Date occurs to but excluding the
date, if any, on which another such AdvantaSeries Reset Date occurs or, if no
other AdvantaSeries Reset Date occurs during such Monthly Period, to and
including the last day of such Monthly Period.

      "Group One" shall mean Series 1997-A, Series 2000-C, Series 2001-A, Series
2002-A, Series 2003-A, Series 2003-B, Series 2003-C, Series 2003-D, the
AdvantaSeries and each other Series hereafter specified in the related indenture
supplement to be included in Group One, for so long as each such Series is
Outstanding.

      "Initial Principal Balance" means, unless otherwise specified in the
applicable Terms Document, with respect to any Class or Tranche of Notes, the
initial principal balance of such Notes, and with respect to the AdvantaSeries,
the aggregate Initial Principal Balance of all Outstanding Notes of the
AdvantaSeries.

      "Interest Payment Date" means, with respect to any Class or Tranche of
Notes, the scheduled due date of any payment of interest on such Notes, which
shall be each Payment Date unless otherwise specified in the related Terms
Document. The first Interest Payment Date for a Tranche of Notes shall be
specified in the related Terms Document.

      "Interest Period" means, with respect to any Interest Payment Date, the
period from and including the previous Interest Payment Date (or in the case of
the initial Interest Payment Date, from and including the Closing Date) through
the day preceding such Interest Payment Date.

      "Invested Amount" shall mean, as of any date of determination, an amount
equal to (i) the sum of the Initial Principal Balances of all Tranches of
Outstanding Notes, minus (ii) the amount of principal previously paid to the
AdvantaSeries Noteholders, minus (iii) the excess, if any, of the aggregate
amount of any Investor Charge-Offs allocated to the Notes pursuant to

                                     - 12 -
<PAGE>

Section 4.11 and any Available Principal Collections reallocated pursuant to
Section 4.15 over the reimbursements of any such amounts pursuant to Section
4.07(g).

      "Investor Charge-Offs" means, with respect to any Payment Date, the
aggregate amount, if any, by which the AdvantaSeries Defaulted Amount, if any,
for such Payment Date exceeds the sum of (i) Available Finance Charge
Collections allocated with respect thereto pursuant to Section 4.07(f) for such
Payment Date, (ii) amounts withdrawn from the Spread Account pursuant to Section
4.25(b) and (iii) amounts withdrawn from the Cash Collateral Account pursuant to
Section 4.23(c).

      "Investor Percentage" shall mean, for any Monthly Period, (a)with respect
to Defaulted Amounts and Finance Charge and Administrative Receivables, the
Floating Investor Percentage and (b) with respect to Principal Receivables, the
Fixed Investor Percentage.

      "Investor Principal Collections" shall mean, with respect to any Monthly
Period, the aggregate amount retained in the Collection Account for the
AdvantaSeries pursuant to Section 4.04 for such Monthly Period and any amount
treated as Investor Principal Collections pursuant to Section 8.03(b) of the
Indenture.

      "Issuer Account" means, collectively, the Collection Account, the
Principal Funding Account, the Cash Collateral Account and the Spread Account,
including any Sub-Accounts thereof, and any other trust account established
pursuant to Section 4.32 or under a Terms Document in connection with the
issuance of a Class or Tranche of Notes.

      "Monthly Period" shall have the meaning specified in the Indenture, except
that the first Monthly Period with respect to the AdvantaSeries shall begin on
and include November 10, 2004 and shall end on and include December 31, 2004.

      "Negative Carry Reserve Percentage" means, 0.50%, provided that the
Transferor may, from time to time, change such percentage upon (i) written
notice to the Indenture Trustee and (ii) prior written confirmation from each
Rating Agency then rating any Class or Tranche of the Notes that the change will
not cause a reduction or withdrawal of the rating of any Outstanding Class or
Tranche.

      "Net Portfolio Yield" shall mean, with respect to any Monthly Period, the
per annum rate (calculated on the basis of a 360-day year consisting of twelve
(12) 30-day months) equal to the product of the percentage equivalent of a
fraction: (a) the numerator of which is equal to the sum of (i) the Floating
Investor Percentage for such Monthly Period of Collections of Finance Charge and
Administrative Receivables deposited in the Collection Account for such Monthly
Period, plus (ii) amounts described in Sections 4.06(a)(v) and (vi) and Section
6.04(b)(iv), in each case relating to such Monthly Period, minus (iii) the
AdvantaSeries Defaulted Amount for such Monthly Period, each sum to be
calculated on a cash basis, and (b) the denominator of which is the Weighted
Average Floating Allocation Amount for such Monthly Period, multiplied by twelve
(12).

      "Note Interest Rate" means, with respect to a Class or Tranche of Notes,
the rate of interest borne by such Notes and specified in the related Terms
Document.

                                     - 13 -
<PAGE>

      "Notes" means, any of the Class A Notes, Class B Notes, Class C Notes and
Class D Notes.

      "Outstanding Principal Balance" means at any time with respect to any
Class or Tranche of Notes, the aggregate Initial Principal Balance of the Notes
of such Class or Tranche at such time, minus the amount of any withdrawals and
allocations for payment of principal to the Holders of such Class or Tranche of
Notes.

      "Payment Date" shall mean January 20, 2005 and the twentieth day of each
following calendar month, or if any such twentieth day is not a Business Day,
the next succeeding Business Day.

      "Performing Derivative Agreement" means, with respect to any Derivative
Agreement, no payment default or repudiation of performance by a Derivative
Counterparty has occurred, and such Derivative Agreement has not been
terminated.

      "PFA Earnings" means, with respect to any Payment Date, the investment
earnings on funds in the Principal Funding Account (net of investment expenses
and losses) during the period from and including the immediately preceding
Payment Date to but excluding such Payment Date.

      "PFA Earnings Shortfall" means, for any Payment Date,

            (i) the PFA Earnings Target, minus

            (ii) the PFA Earnings for all Tranches of Notes for such period.

      "PFA Earnings Target" means, for any Payment Date, the product of:

            (i) the aggregate amount on deposit in the Principal Funding
      Sub-Accounts for all Tranches of Notes, multiplied by

            (ii) Weighted Average Interest Rates of the outstanding Notes,
      multiplied by

            (iii) a fraction, the numerator of which is the actual number of
      days from and including the previous Payment Date through the day
      preceding such Payment Date and the denominator of which is 360.

      "Portfolio Decline Event" means, if the aggregate amount of Principal
Receivables in the Trust as of close of business on the last day of the
preceding Monthly Period is less than either (i) 75% of the highest aggregate
amount of Principal Receivables in the Trust over the last two years, or (ii)
50% of the highest aggregate amount of Principal Receivables in the Trust over
the last four years.

      "Principal Allocation" shall have the meaning specified in Section 4.04.

      "Principal Allocation Amount" means, for any date of determination during
any Monthly Period, for the Notes (exclusive of (x) any Class or Tranche of
Notes for such Monthly Period

                                     - 14 -
<PAGE>

which will be paid in full during such Monthly Period and (y) any Class or
Tranche of Notes which will have an Adjusted Invested Amount of zero during such
Monthly Period),

            (a) for all Classes or Tranches of Notes in an Accumulation Period,
      the Adjusted Invested Amount of such Class or Tranche of Notes as of the
      close of business on the last day of the preceding Monthly Period prior to
      the commencement of the most recent Accumulation Period for such Class or
      Tranche,

            (b) for all Classes or Tranches of Notes in an Early Amortization
      Period, the Adjusted Invested Amount of such Class or Tranche of Notes as
      of the close of business on the last day of the preceding Monthly Period
      (or with respect to the first Monthly Period, as of the Closing Date)
      prior to the commencement of the Early Amortization Period for such Class
      or Tranche, and

            (c) for all Classes or Tranches in a Revolving Period, the Adjusted
      Invested Amount of such Class or Tranche of Notes as of the close of
      business on the last day of the preceding Monthly Period; and

            (d) for all other Classes or Tranches of Outstanding Notes, unless
      otherwise specified in the related Terms Document, an amount equal to:

                  (i) the Adjusted Invested Amount of such Classes or Tranches
      of Notes, as of the close of business on the last day of the immediately
      preceding Monthly Period, or with respect to the first Monthly Period for
      any Class or Tranche of Notes, the Initial Principal Balance of such Class
      or Tranche, plus

                  (ii) the aggregate amount of any increase in the Adjusted
      Invested Amount of such Class or Tranche of Notes during the current
      Monthly Period due to (x) the issuance of additional Notes of such Class
      or Tranche of Notes during such Monthly Period (without duplication of any
      amount included in clause (i) above) or (y) the release of Coverage
      Funding Excess Amounts (other than amounts that were deposited into the
      applicable Principal Funding Sub-Account for such Class or Tranche of
      Notes during such Monthly Period) for such Class or Tranche of Notes from
      the Principal Funding Account or applicable Principal Funding Sub-Account
      or (z) an increase in the Adjusted Invested Amount of any Tranche of Notes
      that is a variable principal funding Tranche, minus,

                  (iii) the aggregate amount of any decrease in the Adjusted
      Invested Amount of any Class or Tranche of Notes that is a variable
      principal funding Tranche;

provided, however, that if after the commencement of an Accumulation Period for
a Tranche of Notes, another Tranche of Notes that was designated in or under the
Terms Document therefor as a "Paired Tranche" with respect to the first Tranche
of Notes, the Administrator, on behalf of the Issuer, may, by written notice
delivered to the Indenture Trustee, designate an amount (the "Paired Amount") to
be subtracted from the amount calculated pursuant to clause (a) or (b) above for
the second Tranche of Notes, provided that the Issuer shall have received
written notice from each Rating Agency that such designation will satisfy the
Rating Agency Condition and shall have delivered copies of each such written
notice to the Indenture Trustee and the

                                     - 15 -
<PAGE>

Issuer shall have delivered to the Indenture Trustee an Officer's Certificate to
the effect that, based on the facts known to such officer at that time, in the
reasonable belief of the Issuer, such designation will not have an Adverse
Effect with respect to any Outstanding Notes.

      "Principal Funding Account" means the trust account designated as such and
established pursuant to Section 4.32.

      "Principal Funding Sub-Account Amount" means, with respect to any Tranche
of Notes as of any date, the amount on deposit in the Principal Funding
Sub-Account for such Tranche of Notes on such date.

      "Principal Payment Date" means, with respect to any Class or Tranche of
Notes, each Expected Final Principal Payment Date, upon the occurrence of a Pay
Out Event, or other optional or mandatory redemption of such Class or Tranche of
Notes, each Payment Date.

      "Quarterly Excess Spread Percentage" shall mean (a) with respect to the
January 2005 Payment Date, the Excess Spread Percentage for the January 2005
Payment Date, (b) with respect to the February 2005 Payment Date, the percentage
equivalent of a fraction the numerator of which is the sum of (i) the Excess
Spread Percentage for the January 2005 Payment Date and (ii) the Excess Spread
Percentage for the February 2005 Payment Date and the denominator of which is
two, (c) with respect to the March 2005 Payment Date and each Payment Date
thereafter, the percentage equivalent of a fraction the numerator of which is
the sum of the Excess Spread Percentages for the then-current Payment Date and
the immediately preceding two Payment Dates and the denominator of which is
three.

      "Rating Agency" shall have the meaning specified in a Terms Document with
respect to a particular Tranche of Notes.

      "Required Cash Collateral Account Amount" shall mean for any date of
determination the sum of:

            (i)   the product of (a) 2.25%, subject to modification in
                  accordance with Section 4.21, and (b) the Adjusted Outstanding
                  Principal Balance of the Notes on such date of determination;
                  plus

            (ii)  the product of (a) the Negative Carry Reserve Percentage and
                  (b) the amount of funds on deposit in the Principal Funding
                  Sub-Accounts for each Tranche of Notes on such date of
                  determination, provided, however, that for any date of
                  determination on or after the occurrence and during the
                  continuation of a Portfolio Decline Event such amount in
                  clause (a) will be the sum of the Negative Carry Reserve
                  Percentage and the Cash Collateral Account Floor, with respect
                  to amounts deposited into to the Principal Funding
                  Sub-Accounts for each Tranche of Notes during the Portfolio
                  Decline Event; provided further, however, that a Portfolio
                  Decline Event will continue for six (6) consecutive months
                  after the conditions which gave rise to its occurrence no
                  longer exist;

                                     - 16 -
<PAGE>

provided, however, that for any date of determination on or after the occurrence
and during the continuation of a Pay Out Event that affects all Notes, the
Required Cash Collateral Account Amount will be the amount determined above for
the date immediately prior to the date on which such Pay Out Event shall have
occurred; and, provided further, that the Required Cash Collateral Account
Amount will not exceed the Outstanding Principal Balance of the Outstanding
Notes.

      "Required Excess Spread Amount" means, with respect to any Monthly Period,
an amount equal to zero; provided, however, that the Transferor may, from time
to time, change such amount (which will never be less than zero) upon (i)
written notice to the Indenture Trustee and (ii) prior written confirmation from
each Rating Agency then rating any Class or Tranche of the Notes that the change
will not cause a reduction or withdrawal of the rating of any Outstanding Class
or Tranche.

      "Required Principal Deposit Amount" means, with respect to any Class or
Tranche, for any Payment Date, the aggregate amount required to be deposited in
the Principal Funding Account pursuant to Section 4.16 for such Payment Date.
The Required Principal Deposit Amount for the AdvantaSeries will be the sum of
the Required Principal Deposit Amounts for all Tranches of Notes.

      "Required Spread Account Amount" shall mean for any date of determination,
the product of (i) the Required Spread Account Percentage in effect on such date
and (ii) the sum of the Initial Principal Balances of all Outstanding Tranches
of the Notes as of the preceding day; provided, however, that the Required
Spread Account Amount will not exceed the excess, if any, of the Outstanding
Principal Balance of the Outstanding Notes over the amount on deposit in the
Cash Collateral Account; provided further, however, following the occurrence of
an Event of Default with respect to all of the Notes, the Required Spread
Account Amount for any Payment Date will be equal to the sum of (a) the amount
on deposit in the Spread Account on such Payment Date plus (b) Available Finance
Charge Collections for such Payment Date available immediately after the funding
of the Cash Collateral Account pursuant to Section 4.07(h); provided further,
however, following the occurrence of an Event of Default with respect to all of
the Notes that does not result in an acceleration pursuant to Section 5.03 of
the Indenture, the Required Spread Account Amount shall not exceed the excess,
if any, of the Outstanding Principal Balance of the Outstanding Notes over the
amount on deposit in the Cash Collateral Account.

      "Required Spread Account Percentage" shall mean, (i) 0.00%, if the
Quarterly Excess Spread Percentage on such Payment Date is greater than or equal
to 4.50%, (ii) 1.00%, if the Quarterly Excess Spread Percentage on such Payment
Date is less than 4.50% and greater than or equal to 4.00%, (iii) 2.00%, if the
Quarterly Excess Spread Percentage on such Payment Date is less than 4.00% and
greater than or equal to 3.50%; (iv) 2.50%, if the Quarterly Excess Spread
Percentage on such Payment Date is less than 3.50% and greater than or equal to
3.00%, (v) 3.00%, if the Quarterly Excess Spread Percentage on such Payment Date
is less than 3.00% and greater than or equal to 2.00%, (vi) 4.00%, if the
Quarterly Excess Spread Percentage is less than 2.00% and greater than 0.00%,
and (vii) 17.75%, if the Quarterly Excess Spread Percentage is 0% or less;
provided, however, if the Required Spread Account Percentage for any Payment
Date is higher than the Required Spread Account Percentage for the immediately
preceding Payment Date, the Required Spread Account Percentage shall not be
subsequently decreased to a lower

                                     - 17 -
<PAGE>

percentage until the first Payment Date on which the Quarterly Excess Spread
Percentage for each of the three immediately preceding Monthly Periods has
increased to a level above the then-current Required Spread Account Percentage,
in which case the Spread Account Percentage shall be decreased to the
appropriate percentage specified in clauses (i) through (vii) of the definition
thereof; and provided further, that if a Pay Out Event with respect to all Notes
has occurred (other than a Pay Out Event described in Section 6.01(d)), the
Required Spread Account Percentage shall be 17.75% and shall no longer be
subject to reduction; and, provided, further, that the Required Spread Account
Percentage may be a lower amount designated by the Transferor, provided, that
the Transferor shall provide the Servicer and the Indenture Trustee with
evidence that the Rating Agency Condition with respect to such designation shall
have been satisfied.

      "Required Transferor Interest" shall have the meaning specified in the
Indenture.

      "Revolving Period" means, for any Tranche of Notes, the period beginning
on the Closing Date and ending on the earlier of the close of business on the
day the Accumulation Period, the Early Amortization Period or any other
Amortization Period commences.

      "Senior Class" means (a) with respect to the Class B Notes, the Class A
Notes, (b) with respect to the Class C Notes, the Class A Notes and the Class B
Notes and (c) with respect to the Class D Notes, the Class A Notes, the Class B
Notes and Class C Notes.

      "Servicing Fee Shortfall" means for any Payment Date, the excess, if any,
of (a) the aggregate amount payable to the Servicer pursuant to Section 4.07(c)
with respect to such Payment Date, and (b) the aggregate amount of Available
Finance Charge Collections available after giving effect to Section 4.07(b) on
such Payment Date.

      "Servicing Fee Rate" shall mean 2% per annum, which may be changed
pursuant to subsection 3.01(c).

      "Shared Principal Collections" means, with respect to any Payment Date,
with respect to the AdvantaSeries, the amount of Available Principal Collections
for such Payment Date available after application in accordance with Sections
4.15(a) through (e).

      "Spread Account" means the trust account designated as such and
established pursuant to Section 4.32.

      "Standard & Poor's" shall mean Standard & Poor's, a division of the
McGraw-Hill Companies, Inc. and any successor in interest thereto.

      "Sub-Account" means each portion of an Issuer Account designated as such
pursuant to this Indenture Supplement or the applicable Terms Document.

      "Subordinated Notes" means (a) with respect to the Class A Notes, the
Class B Notes, the Class C Notes and the Class D Notes, (b) with respect to the
Class B Notes, the Class C Notes and the Class D Notes, and (c) with respect to
the Class C Notes, the Class D Notes.

                                     - 18 -
<PAGE>

      "Terms Document" means, with respect to any Class or Tranche of Notes, a
supplement to this Indenture Supplement that establishes such Class or Tranche
and specifies the terms of such Class or Tranche.

      "Tranche" means, with respect to any Class of Notes, Notes of such Class
which have identical terms, conditions and Tranche designation. Notes of a
single Tranche may be issued on different dates.

      "Weighted Average Floating Allocation Amount" means, with respect to any
Monthly Period, the sum of the numerators used in the calculation of the
Floating Investor Percentages for each day in such Monthly Period divided by the
number of days in such Monthly Period.

      "Weighted Average Interest Rate" means, for any Monthly Period, the
weighted average (based on the Outstanding Principal Balance of the related
Notes) of the following:

            (i) in the case of a Tranche of Notes with no Derivative Agreement
      for interest, the rate of interest applicable to such Tranche for the
      period from and including the Payment Date for such Tranche of Notes in
      such Monthly Period to but excluding the Payment Date for such Tranche of
      Notes in the following Monthly Period;

            (ii) in the case of a Tranche of Notes with a Performing Derivative
      Agreement for interest, the rate at which payments by the Issuer to the
      applicable Derivative Counterparty accrue (prior to the netting of such
      payments, if applicable) for the period from and including the Payment
      Date for such Tranche of Notes in such Monthly Period to but excluding the
      Payment Date for such Tranche of Notes in the following Monthly Period;
      provided, however, that in the case of a Tranche of Notes with a
      Performing Derivative Agreement for interest for which the rating on such
      Tranche of Notes is not dependent upon the rating of the applicable
      Derivative Counterparty, the amount determined pursuant to this clause
      (ii) will be the higher of (1) the rate determined pursuant to this clause
      (ii) above and (2) the rate of interest applicable to such Tranche for the
      related Payment Date; and

            (iii) in the case of a Tranche of Notes with a non-Performing
      Derivative Agreement for interest, the rate specified for that date in the
      related Terms Document.

      The words "HEREOF," "HEREIN," "HEREUNDER" and words of similar import when
used in this Indenture Supplement shall refer to this Indenture Supplement as a
whole and not to any particular provision of this Indenture Supplement;
references to any Article, subsection, Section or Exhibit are references to
Articles, subsections, Sections and Exhibits in or to this Indenture Supplement
unless otherwise specified; and the term "INCLUDING" means "INCLUDING WITHOUT
LIMITATION."

                               [END OF ARTICLE II]

                                     - 19 -
<PAGE>

                                  ARTICLE III
                          Servicing Fee and Interchange

      Section 3.01 Servicing Compensation; Interchange.(a) Servicing Fee. The
Servicer shall determine the share of the Servicing Fee allocable to the
AdvantaSeries with respect to any Payment Date (the "ADVANTASERIES MONTHLY
SERVICING FEE"), which shall be equal to one-twelfth of the product of (a) the
Servicing Fee Rate and (b) (i) the Adjusted Invested Amount of the AdvantaSeries
as of the last day of the related Monthly Period, minus (ii) the product of the
amount, if any, on deposit in the Excess Funding Account as of the last day of
the Monthly Period preceding such Payment Date and the Floating Investor
Percentage with respect to such Monthly Period; provided, however, that with
respect to the first Payment Date following the date of initial issuance of a
Class or Tranche, the related Terms Document may specify a specific amount as
the AdvantaSeries Monthly Servicing Fee allocated to such Class or Tranche. The
remainder of the AdvantaSeries Monthly Servicing Fee shall be paid by the holder
of the Trust Beneficial Interest or the noteholders of other Series (as provided
in the related Indenture Supplements) and in no event shall the Trust, the
Indenture Trustee or the AdvantaSeries Noteholders be liable for the share of
the Servicing Fee to be paid by the holder of the Trust Beneficial Interest or
the Noteholders of any other Series. To the extent that the AdvantaSeries
Monthly Servicing Fee is not paid in full pursuant to the preceding provisions
of this Section 3.01, Section 4.07(c), Section 4.15(c), Section 4.23(b) and
Section 4.25(a), it shall be paid by the holder of the Trust Beneficial
Interest.

      (b) Interchange. On or before each Determination Date, the Servicer shall
notify the Transferor of the amount of Interchange to be included as Collections
of Finance Charge and Administrative Receivables with respect to the preceding
Monthly Period as determined pursuant to this Section 3.01(b). Such amount of
Interchange shall be equal to the product of (i) the amount of Interchange
attributable to the Accounts, as reasonably estimated by the Servicer, and (ii)
the Floating Investor Percentage. On each Payment Date, the Servicer shall
deposit into the Collection Account, in immediately available funds, the amount
of Interchange to be so included as Available Finance Charge Collections with
respect to the preceding Monthly Period and such Interchange shall be treated as
a portion of the Available Finance Charge Collections for all purposes of this
Indenture Supplement, the Indenture and the Transfer and Servicing Agreement.

      (c) The Servicing Fee Rate may be increased upon the written direction of
the AdvantaSeries Noteholders holding 66-2/3% or more of the Outstanding
Principal Balance of each Class and Tranche (without duplication) of the Notes
and upon the written confirmation from each Rating Agency then rating any Class
or Tranche of the Notes that the increase in the Servicing Fee Rate will not
cause a reduction or withdrawal of the rating of any Outstanding Class or
Tranche.

                              [END OF ARTICLE III]

                                     - 20 -
<PAGE>

                                   ARTICLE IV
                       Allocations, Deposits and Payments

      Section 4.01 Collections and Allocations. Collections of Finance Charge
and Administrative Receivables and Principal Receivables and Defaulted
Receivables allocated to the AdvantaSeries pursuant to Article VIII of the
Indenture shall be allocated and distributed as set forth in this Article.

      Section 4.02 Payments to the Transferor. The Servicer shall, on Deposit
Dates, withdraw from the Collection Account and pay to the holders of Trust
Beneficial Interest the following amounts:

            (i) an amount equal to the Transferor Percentage of Collections of
Finance Charge and Administrative Receivables deposited in the Collection
Account; and

            (ii) an amount equal to the Transferor Percentage of Collections of
Principal Receivables deposited in the Collection Account, if the Transferor
Interest (determined after giving effect to any Principal Receivables
transferred to the Trust on such Deposit Date) exceeds zero and otherwise shall
be deposited in the Excess Funding Account.

      The withdrawals to be made from the Collection Account pursuant to this
Section 4.02 do not apply to deposits into the Collection Account that do not
represent Collections, including payment of the purchase price for the
Receivables or the Notes pursuant to, respectively, Section 2.06 or Section 7.01
of the Transfer and Servicing Agreement and payment of the purchase price for
the Notes pursuant to Section 7.01 of this Indenture Supplement.

      Section 4.03 Allocations of Collections of Finance Charge and
Administrative Receivables. Prior to the close of business on any Deposit Date,
the Servicer shall allocate to the AdvantaSeries Noteholders and deposit in the
Collection Account for application as provided herein an amount equal to the
product of (i) the Investor Percentage and (ii) the aggregate amount of
Collections of Finance Charge and Administrative Receivables for such Deposit
Date.

      Section 4.04 Allocations of Principal Collections. Prior to the close of
business on any Deposit Date, the Servicer shall allocate to the AdvantaSeries
Noteholders and retain such amount in the Collection Account until deposited
monthly in the Principal Funding Account as provided herein and pursuant to the
related Terms Documents, an amount equal to the Investor Percentage multiplied
by the aggregate amount of Collections of Principal Receivables deposited in the
Collection Account on such Deposit Date (the product for any such date is
hereinafter referred to as a "PRINCIPAL ALLOCATION"); provided, however, so long
as a Pay Out Event with respect to the AdvantaSeries shall not have occurred
with respect to all Notes, that after the date on which the sum of such
Principal Allocation and all preceding Principal Allocations with respect to the
same Monthly Period exceeds the Required Principal Deposit Amount for the
AdvantaSeries, for the related Principal Payment Date, then such excess shall
not be treated as a Principal Allocation and, following allocation in accordance
with Section 4.30 hereof and Section 8.05 of the Indenture, shall be paid to the
holders of Trust Beneficial Interests only if the Transferor Interest on such
date is greater than the Required Transferor Interest (after giving effect to
all Principal Receivables transferred to the Trust on such day) and otherwise
shall be

                                     - 21 -
<PAGE>

deposited in the Excess Funding Account; further, provided, however, that after
the date on which an amount of such Collections equal to the Adjusted Invested
Amount has been deposited into the Collection Account and allocated to the
AdvantaSeries Noteholders, such amount, following allocation in accordance with
Section 4.30 hereof and Section 8.05 of the Indenture, shall be paid to the
holders of Trust Beneficial Interests only if the Transferor Interest on such
date is greater than the Required Transferor Interest (after giving effect to
all Principal Receivables transferred to the Trust on such day) and otherwise
shall be deposited in the Excess Funding Account.

      Section 4.05 Allocations of Available Finance Charge Collections to
Payment of Interest. The aggregate amount payable in respect of interest for a
Class of Notes pursuant to Sections 4.07(a), (b), (d) or (e) for each Monthly
Period shall be allocated and paid to each Tranche of Notes within such Class,
as follows:

      (a) Available Finance Charge Collections are at Least Equal to Amounts Due
and Payable. If the amount of funds available for a Monthly Period for
application pursuant to Section 4.07 (after giving effect to any previous
applications pursuant to Section 4.07 on such Payment Date) is at least equal to
the aggregate amount of payments due and payable as described in Section 4.09
for the related Class of Notes, then the required amount of each such payment
shall be distributed to the Paying Agent for payment to the respective Tranche
of Notes or as otherwise provided in the related Terms Document.

      (b) Available Finance Charge Collections are Less than Amounts Due and
Payable. If the amount of funds available for a Monthly Period for application
pursuant to Section 4.07 (after giving effect to any previous applications
pursuant to Section 4.07 on such Payment Date) is less than the aggregate amount
of the payments due and payable as described in Section 4.09 for the related
Class of Notes, then the amount available will be allocated to each Tranche
within such Class of Notes pro rata based on the ratio of (A) the aggregate
amount of the payments due and payable as described in Section 4.09 with respect
to that Tranche of Notes to (B) the aggregate amount of the payments due and
payable as described in Section 4.09 with respect to all Tranches within the
related Class of Notes, and such amounts shall be distributed to the Paying
Agent for payment to the respective Tranche of Notes or as otherwise provided in
the related Terms Document.

      Section 4.06 Amounts to be Treated as Available Finance Charge
Collections; Other Deposits for Payment of Interest.

      (a) In addition to Collections of Finance Charge and Administrative
Receivables allocated to the AdvantaSeries pursuant to Section 4.03, the
following amounts shall be treated as Available Finance Charge Collections for
application in accordance with this Article IV for any Payment Date:

            (i) Cash Collateral Account Withdrawal to Cover PFA Earnings
Shortfall. The aggregate amount withdrawn from the Cash Collateral Account
pursuant to Section 4.23(a).

            (ii) Issuer Account Earnings. Any Principal Funding Investment
Proceeds for any Payment Date.

                                     - 22 -
<PAGE>

            (iii) Excess Finance Charge Collections. Any Excess Finance Charge
Collections allocable to the AdvantaSeries pursuant to Section 4.29.

            (iv) [Reserved.]

            (v) Payment Under Derivative Agreements for Interest. Payments
received under Derivative Agreements for interest for any Tranche of Notes will
be treated as Available Finance Charge Collections, or applied as specified in
the related Terms Document.

            (vi) Other Amounts. The Terms Document for any Tranche of Notes may
include additional amounts which are to be deposited into the Collection Account
and allocated to the AdvantaSeries to be treated as Available Finance Charge
Collections for the related Payment Date.

      (b) The following amounts shall also be available for payment of required
interest payments and the Monthly Servicing Fee in accordance with this
Indenture Supplement and any applicable Terms Document:

            (i) Cash Collateral Account Withdrawals. Any amounts withdrawn from
the Cash Collateral Account pursuant to Section 4.23(b) shall be deposited into
the Collection Account and allocated to the AdvantaSeries on the related Payment
Date.

            (ii) Spread Account Withdrawals. Any amounts withdrawn from the
Spread Account pursuant to Section 4.25(a) shall be deposited into the
Collection Account and allocated to the AdvantaSeries on the related Payment
Date.

            (iii) Asset Sale Proceeds. Any Asset Sale Proceeds received by the
Issuer pursuant to Section 6.04(b)(iii) for any Tranche of Notes shall be
deposited in the Collection Account on the date of receipt by the Issuer and
allocated to the related Tranche of Notes on the related Payment Date.

      Section 4.07 Applications of Available Finance Charge Collections. On each
Payment Date, the Servicer shall apply, or shall cause the Indenture Trustee to
apply, by written instruction to the Indenture Trustee in the form of Exhibit B,
Available Finance Charge Collections with respect to such Payment Date, to make
the following distributions:

      (a) first, to pay the required interest payments on the Class A Notes
pursuant to Section 4.09;

      (b) second, to pay the required interest payments on the Class B Notes
pursuant to Section 4.09;

      (c) third, to pay the AdvantaSeries Monthly Servicing Fee plus any
previously due and unpaid AdvantaSeries Monthly Servicing Fee to the Servicer
pursuant to Section 3.01;

      (d) fourth, to pay the required interest payments on the Class C Notes
pursuant to Section 4.09;

                                     - 23 -
<PAGE>

      (e) fifth, to pay the required interest payments on the Class D Notes
pursuant to Section 4.09;

      (f) sixth, to be treated as Available Principal Collections for
application in accordance with Section 4.15 in an amount equal to the
AdvantaSeries Defaulted Amount, if any, for the preceding Monthly Period;

      (g) seventh, to be treated as Available Principal Collections for
application in accordance with Section 4.12 in an amount equal to the aggregate
Adjusted Invested Amount Deficits, if any;

      (h) eighth, to be deposited into the Cash Collateral Account in the amount
equal to the Cash Collateral Account Deficit, if any;

      (i) ninth, to make the required deposit to the Spread Account, if any,
pursuant to Section 4.24(b);

      (j) tenth, to make any other payment or deposit required by the Terms
Documents of any Class or Tranche of Notes;

      (k) eleventh, to be treated as Excess Finance Charge Collections for
application in accordance with Section 4.29;

      (l) twelfth, to make any other payment or deposit required by the Terms
Documents of any Class or Tranche of Notes; and

      (m) thirteenth, to the holders of the Trust Beneficial Interest.

      If the Terms Document for any Tranche of Notes requires the establishment
of an interest funding account or other account, such Terms Document shall also
specify the manner in which deposits and withdrawals are made with respect to
such account. In the event of any inconsistency between the provisions of a
Terms Document and the terms of this Section 4.07, the provisions of the Terms
Document shall control.

      Section 4.08 Computation of Interest. Unless otherwise provided in the
applicable Terms Document, (i) interest on the Notes computed at a fixed rate
will be calculated on the basis of a 360-day year of twelve 30-day months and
(ii) interest on Notes computed on the basis of a floating or periodic rate will
be calculated on the basis of a 360-day year for the actual number of days
lapsed.

      (a) Unless otherwise specified in this Indenture Supplement or the
applicable Terms Document, interest for any period will be calculated from and
including the first day of such period, to but excluding the last day of such
period.

      Section 4.09 Determination of Interest Payments. The aggregate amount of
AdvantaSeries Available Finance Charge Collections due and allocable to each
Tranche of Notes within the related Class of Notes pursuant to Sections 4.07(a),
(b), (d) or (e) on each Payment Date is equal to the sum of the amounts set
forth below in clauses (a) - (c). The amount due on

                                     - 24 -
<PAGE>

any Payment Date will include any shortfall in the amount due and allocable with
respect to any prior Payment Date which has not been previously paid.

      (a) Interest Payments. The interest due and allocable to any Tranche of
Notes on each Payment Date will be equal to the amount of interest accrued on
the Outstanding Principal Balance of that Tranche during the period from and
including the Payment Date in the prior Monthly Period to but excluding the
Payment Date in the current Monthly Period; provided, however, if the Terms
Document for a Tranche of Notes specifies another amount to be allocable to that
Tranche, the amount due and allocable to that Tranche of Notes with respect to
that Payment Date is such specified amount.

      (b) Amounts Owed to Derivative Counterparties. If a Tranche of Notes has a
Performing or non-Performing Derivative Agreement for interest that provides for
a payment to the applicable Derivative Counterparty, the amount due on that
Tranche of Notes on each Payment Date with respect to any payment to the
Derivative Counterparty will be specified in the Terms Document.

      (c) Additional Interest. Unless otherwise specified in the applicable
Terms Document, the amount due and allocable to any Tranche of Outstanding Notes
for any Payment Date that includes an amount of interest that has been
previously due and unpaid will also include the interest accrued on that overdue
interest during the period from and including the Payment Date in the prior
Monthly Period to but excluding the Payment Date for the current Monthly Period
at the rate of interest applicable to principal of that Tranche during that
period. Unpaid additional interest will not also accrue additional interest.

      Section 4.10 Calculation of Adjusted Invested Amount.

      (a) Tranches. On any date, the Issuer shall calculate the Adjusted
Invested Amount of each Tranche of Outstanding Notes, which shall be the
following amount:

            (i) as of the date of issuance of such Tranche of Notes, the Initial
Principal Balance of such Tranche of Notes; and

            (ii) thereafter, the sum of, without duplication:

                  (A) the Adjusted Invested Amount of such Tranche of Notes
immediately after the prior date of determination; plus

                  (B) the aggregate amount of any increases in the Outstanding
Principal Balance of such Tranche of Notes during the current Monthly Period due
to the issuance of additional Notes of such Tranche of Notes since the prior
date of determination; plus

                  (C) the aggregate amount withdrawn from the Principal Funding
Sub-Account pursuant to Section 4.20(d) for such Tranche since the prior date of
determination; plus

                  (D) such Tranche's allocable share of all reimbursements of
its Adjusted Invested Amount Deficit pursuant to Section 4.07(g) since the prior
date of determination determined as set forth in Section 4.12; minus

                                     - 25 -
<PAGE>

                  (E) such Tranche's allocable share of all reallocations of
Available Principal Collections pursuant to Section 4.15 since the prior date of
determination, determined as set forth in Section 4.13; minus

                  (F) the amount of the reduction of the Adjusted Invested
Amount of such Tranche resulting from an allocation of Investor Charge-Offs
since the prior date of determination, determined as set forth in Section 4.11;
minus

                  (G) the amount deposited in the applicable Principal Funding
Sub-Account for such Tranche (after giving effect to any deposits, allocations,
reallocations or withdrawals to be made on that day) since the prior date of
determination;

provided, however, that (1) the Adjusted Invested Amount of a Tranche of Notes
may never be less than zero, (2) the Adjusted Invested Amount of any Tranche of
Notes may never be greater than the Outstanding Principal Balance of such
Tranche and (3) the Adjusted Invested Amount of a Tranche of Notes that has
caused a sale of a Foreclosure Certificate pursuant to Section 6.04 will be
zero.

      (b) Classes. The Adjusted Invested Amount of a Class of the AdvantaSeries
will be the sum of the Adjusted Invested Amounts of all Tranches of Notes of
such Class.

      (c) AdvantaSeries. The Adjusted Invested Amount for the AdvantaSeries will
be the sum of the Adjusted Invested Amounts of all of the Tranches of Notes.

      Section 4.11 Allocations of Reductions to the Adjusted Invested Amount Due
to Investor Charge-Offs. On each Determination Date, the Servicer shall
calculate the AdvantaSeries Investor Charge-Offs, if any, for the related
Monthly Period.

      (a) On each Payment Date when there is an Investor Charge-Off with respect
to the related Monthly Period, the amount of such Investor Charge-Off will be
allocated on that date to each Class of Notes and to each Tranche of Notes as
set forth in this Section. The amount of each Investor Charge-Off will be
allocated to each Tranche of Outstanding Notes to reduce its Adjusted Invested
Amount pro rata based on the ratio of the Adjusted Invested Amount of such
Tranche of Notes to the aggregate Adjusted Invested Amounts of all Tranches of
Notes of the same Class, each as of the close of business on the last day of the
related Monthly Period. If such allocation (or any portion of it) would reduce
the Adjusted Invested Amount of a tranche of notes below zero, the amount that
would cause the Adjusted Invested Amount to be reduced below zero will be
allocated (subject to the restriction set forth in this sentence) to other
Tranches of Notes of the same Class, pro rata among such Tranches as set forth
in the previous sentence. In no event will the Adjusted Invested Amount (after
giving effect to this clause (a)) of any Tranche of Notes be reduced below zero.

      (b) On each Payment Date, the amount of each Investor Charge-Off will be
allocated in the following order of priority:

            (i) first, to the Class D Notes until the Adjusted Invested Amount
of the Class D Notes has been reduced to zero;

                                     - 26 -
<PAGE>

            (ii) second, after the Adjusted Invested Amount of the Class D Notes
has been reduced to zero, to the Class C Notes until the Adjusted Invested
Amount of the Class C Notes has been reduced to zero;

            (iii) third, after the Adjusted Invested Amount of the Class C Notes
has been reduced to zero, to the Class B Notes until the Adjusted Invested
Amount of the Class B Notes has been reduced to zero; and

            (iv) fourth, after the Adjusted Invested Amount of the Class B Notes
has been reduced to zero, to the Class A Notes until the Adjusted Invested
Amount has been reduced to zero.

      Section 4.12 Allocations of Reimbursements of Adjusted Invested Amount
Deficits. If, as of any Payment Date, there are Available Finance Charge
Collections available pursuant to Section 4.07(g) to reimburse any Adjusted
Invested Amount Deficits as of such Payment Date, such funds will be allocated
as indicated in the Monthly Payment Instructions, a form of which is attached as
Exhibit B to each Tranche of Notes as follows:

      (a) first, to each Tranche of Class A Notes pro rata based on the ratio of
the Adjusted Invested Amount Deficit thereof to the aggregate Adjusted Invested
Amount Deficits of all Tranches of Class A Notes, but in no event will the
Adjusted Invested Amount of such a Tranche of Class A Notes be increased above
the Adjusted Outstanding Principal Balance of such Tranche;

      (b) second, to each Tranche of Class B Notes pro rata based on the ratio
of the Adjusted Invested Amount Deficit thereof to the aggregate Adjusted
Invested Amount Deficit of all Tranches of Class B Notes, but in no event will
the Adjusted Invested Amount of such a Tranche of Class B Notes be increased
above the Adjusted Outstanding Principal Balance of such Tranche;

      (c) third, to each Tranche of Class C Notes pro rata based on the ratio of
the Adjusted Invested Amount Deficit thereof to the aggregate Adjusted Invested
Amount Deficit of all Tranches of Class C Notes, but in no event will the
Adjusted Invested Amount of such a Tranche of Class C Notes be increased above
the Adjusted Outstanding Principal Balance of such Tranche; and

      (d) fourth, to each Tranche of Class D Notes pro rata based on the ratio
of the Adjusted Invested Amount Deficit thereof to the aggregate Adjusted
Invested Amount Deficit of all Tranches of Class D Notes, but in no event will
the Adjusted Invested Amount of such a Tranche of Class D Notes be increased
above the Adjusted Outstanding Principal Balance of such Tranche.

      Section 4.13 Allocation of Reductions of Adjusted Invested Amount of
Subordinated Notes from Reallocations of Available Principal Collections to
Cover Interest Shortfalls or Servicing Fee Shortfalls. On each Payment Date when
Available Principal Collections are allocated to any Tranche of Notes or paid to
the Servicer pursuant to Section 4.15, after the application of any amounts on
deposit in the Spread Account pursuant to Section 4.25(a) and in the Cash
Collateral Account pursuant to Section 4.23(b), the Adjusted Invested Amount of

                                     - 27 -
<PAGE>

Subordinated Notes will be reduced on that date by allocating such amounts in
the same order as set forth in Section 4.11(b)(i) - (iii). In the case of each
Tranche of Notes, the Adjusted Invested Amount of each such Tranche of Notes
will be reduced by allocating such amounts in the same manner as set forth in
Section 4.11(a).

      Section 4.14 Amounts to be Treated as Available Principal Collections. In
addition to Available Principal Collections allocated to the AdvantaSeries
pursuant to Section 4.04, the following amounts shall be treated as Available
Principal Collections for application in accordance with this Article IV for any
Monthly Period:

            (i) Reallocated Available Finance Charge Collections. Available
      Finance Charge Collections reallocated to be treated as Available
      Principal Collections pursuant to Section 4.07(f) or 4.07(g).

            (ii) Shared Principal Collections. Any Shared Principal Collections
      allocable to the AdvantaSeries pursuant to Section 4.30 hereof and Section
      8.05 of the Indenture.

            (iii) Spread Account Withdrawals. Any withdrawals from the Spread
      Account pursuant to Section 4.25(b).

            (iv) Cash Collateral Account Withdrawals. Any withdrawals from the
      Cash Collateral Account pursuant to Section 4.23(c).

            (v) Asset Sale Proceeds. Asset Sale Proceeds received pursuant to
      Section 6.04(b)(ii) for any Tranche of Notes shall be deposited in the
      related Principal Funding Sub-Account on the date of receipt by the
      Indenture Trustee.

            (vi) Payments from Derivative Counterparties for Principal. Any
      payments received under Derivative Agreements for principal for any
      Tranche of Notes unless otherwise specified in the applicable Terms
      Document.

            (vii) Other Amounts. Any amounts that the Terms Document for any
      Tranche of Notes specify are to be treated as Available Principal
      Collections for the related Monthly Period.

      Section 4.15 Application of Available Principal Collections. On each
Payment Date, the Indenture Trustee will apply Available Principal Collections
as follows:

      (a) Class A Interest Shortfalls. First, with respect to each Monthly
Period, if after giving effect to deposits to be made with respect to such
Monthly Period pursuant to Section 4.07(a), Section 4.23(b) and Section 4.25(a)
the Class A Notes have not received the full amount due and payable pursuant to
Section 4.09 with respect to that Monthly Period, then Available Principal
Collections (in an amount not to exceed the aggregate Adjusted Invested Amounts
of Class B Notes, Class C Notes and Class D Notes as of such Payment Date
(calculated after giving effect to any Investor Charge-Offs with respect to such
Monthly Period)) will be allocated to the Class A Notes.

                                     - 28 -
<PAGE>

Funds allocated to the Class A Notes pursuant to this Section 4.15(a) will be
allocated among Tranches of Class A Notes pro rata based on the deficiency in
the amount due and payable with respect to required interest payments for each
such Tranche.

      (b) Class B Interest Shortfalls. Second, with respect to each Monthly
Period, if after giving effect to deposits to be made with respect to such
Monthly Period pursuant to Section 4.07(b), Section 4.23(b) and Section 4.25(a)
the Class B Notes have not received the full amount due and payable pursuant to
Section 4.09 with respect to that Monthly Period, then Available Principal
Collections (in an amount, not less than zero, and not to exceed the aggregate
Adjusted Invested Amounts of Class C Notes and Class D Notes as of such Payment
Date (calculated after giving effect to any Investor Charge-Offs with respect to
such Monthly Period) minus the aggregate amount of Available Principal
Collections applied pursuant to clause (a) above) will be allocated to the Class
B Notes.

Funds allocated to the Class B Notes pursuant to this Section 4.15(b) will be
allocated among Tranches of Class B Notes pro rata based on the deficiency in
the amount due and payable with respect to required interest payments for each
such Tranche.

      (c) Servicing Fee Shortfalls. Third, with respect to each Monthly Period,
if after giving effect to deposits to be made with respect to such Monthly
Period pursuant to Section 4.07(c), Section 4.23(b) and Section 4.25(a) there is
a Servicing Fee Shortfall, then Available Principal Collections (in an amount,
not less than zero, and not to exceed the aggregate Adjusted Invested Amounts of
Class C Notes and Class D Notes as of such Payment Date (calculated after giving
effect to any Investor Charge-Offs with respect to such Monthly Period) minus
the aggregate amount of Available Principal Collections reallocated pursuant to
clauses (a) and (b) above) will be paid to the Servicer.

      (d) Class C Interest Shortfalls. Fourth, with respect to each Monthly
Period, if after giving effect to deposits to be made with respect to such
Monthly Period pursuant to Section 4.07(d), Section 4.23(b) and Section 4.25(a)
the Class C Notes have not received the full amount due and payable pursuant to
Section 4.09 with respect to that Monthly Period, then Available Principal
Collections (in an amount, not less than zero, not to exceed the aggregate
Adjusted Invested Amounts of Class D Notes as of such Payment Date (calculated
after giving effect to any Investor Charge-Offs with respect to such Monthly
Period) minus the aggregate amount of Available Principal Collections applied
pursuant to clauses (a), (b) and (c) above) will be allocated to the Class C
Notes.

Funds allocated to the Class C Notes pursuant to this Section 4.15(d) will be
allocated among Tranches of Class A Notes pro rata based on the deficiency in
the amount due and payable with respect to required interest payments for each
such Tranche.

      (e) Principal Funding Account. Fifth, to deposit the Required Principal
Deposit Amount to the Principal Funding Account pursuant to Section 4.16 and the
related Terms Document or, if applicable, Section 4.17.

      (f) Shared Principal Collections. Sixth, to be treated as Shared Principal
Collections for application in accordance with Section 4.30.

                                     - 29 -
<PAGE>

      (g) Trust Beneficial Interest. Seventh, to the holders of the Trust
Beneficial Interest if the Transferor Interest on such date is greater than the
Required Transferor Interest (after giving effect to all Principal Receivables
transferred to the Trust on such day), and otherwise such amount shall be
deposited in the Excess Funding Account.

      Section 4.16 Required Deposits of Available Principal Collections to the
Principal Funding Sub-Accounts. With respect to any Payment Date, the amount, if
any, required to be deposited into the Principal Funding Sub-Account for any
Tranche of Notes will be set forth in the related Terms Document.

      Section 4.17 Allocations among Principal Funding Sub-Accounts. Subject to
the restrictions of Section 4.18, the aggregate amount of the deposits to be
made to the Principal Funding Account for each Tranche of Notes pursuant to
Section 4.16 and the related Terms Document for each Payment Date will be
allocated, and a portion deposited in the Principal Funding Sub-Account for each
Tranche of Notes, as follows:

      (a) Available Principal Collections Equal to Required Amount. Subject to
clause (c) below, if Available Principal Collections remaining after giving
effect to Sections 4.15(a) through (d) are equal to the Required Principal
Deposit Amount, then the related required amount shall be deposited in the
Principal Funding Sub-Account established for each Tranche.

      (b) Available Principal Collections Are Less Than Required Amounts.
Subject to clause (c) below, if Available Principal Collections remaining after
giving effect to Sections 4.15(a) through (d) are less than the Required
Principal Deposit Amount, then the amount available will be deposited in the
Principal Funding Sub-Account established for each Tranche in the following
priority:

            (i) first, the amount available will be allocated to the Class A
      Notes pro rata based on the ratio of (A) the amount required to be
      deposited into the Principal Funding Sub-Account for such Tranche of Class
      A Notes to (B) the aggregate amount required to be deposited into the
      Principal Funding Sub-Accounts for all Tranches of Class A Notes;

            (ii) second, the amount available after the application in clause
      (i) above will be allocated to the Class B Notes, pro rata based on the
      ratio of (A) the amount required to be deposited into the Principal
      Funding Sub-Account for such Tranche of Class B Notes to (B) the aggregate
      amount required to be deposited into the Principal Funding Sub-Accounts
      for all Tranches of Class B Notes;

            (iii) third, the amount available after the applications in clauses
      (i) and (ii) above will be allocated to the Class C Notes, pro rata based
      on the ratio of (A) the amount required to be deposited into the Principal
      Funding Sub-Account for such Tranche of Class C Notes to (B) the aggregate
      amount required to be deposited into the Principal Funding Sub-Accounts
      for all Tranches of Class C Notes; and

            (iv) fourth, the amount available after the applications in clauses
      (i) through (iii) above will be allocated to the Class D Notes, pro rata
      based on the ratio of (A) the amount required to be deposited into the
      Principal Funding Sub-Account for such

                                     - 30 -
<PAGE>

      Tranche of Class D Notes, to (B) the aggregate amount required to be
      deposited into the Principal Funding Sub-Accounts for all Tranches of
      Class D Notes.

      (c) Reallocation of Deposits to the Principal Funding Sub-Account of
Subordinated Notes. If the restrictions of Section 4.18(a) prevent the deposit
of Available Principal Collections into the Principal Funding Sub-Account of any
Subordinated Notes, the aggregate amount of Available Principal Collections
available to make the required deposit for such Tranche of Subordinated Notes
will be allocated:

            (i) first, if applicable, to each Tranche of Class A Notes pro rata
      based on the ratio of (A) the Adjusted Invested Amount of such Tranche of
      Class A Notes to (B) the Adjusted Invested Amount of all Class A Notes,

            (ii) second, if applicable, to each Tranche of Class B Notes pro
      rata based on the ratio of (A) the Adjusted Invested Amount of such
      Tranche of Class B Notes to (B) the Adjusted Invested Amount of all Class
      B Notes, and

            (iii) third, if applicable, to each Tranche of Class C Notes pro
      rata based on the ratio of (A) the Adjusted Invested Amount of such
      Tranche of Class C Notes to (B) the Adjusted Invested Amount of all Class
      C Notes.

      Section 4.18 Limit on Deposits to the Principal Funding Sub-Account of
Subordinated Notes; Limit on Repayments of all Tranches.

      (a) Limit on Deposits to the Principal Funding Sub-Account of Subordinated
Notes.

            (i) No Available Principal Collections will be deposited in the
Principal Funding Sub-Account of any Tranche of Class B Notes unless, after
giving effect to such deposit and any reductions and reallocations on such date,
including any resulting changes to the Adjusted Invested Amount of such Tranche,
the aggregate Adjusted Invested Amount of all Class B Notes, Class C Notes and
Class D Notes (other than the Class B Notes for which such deposit is required)
is at least equal to the Class A Required Subordinated Amount.

            (ii) No Available Principal Collections will be deposited in the
Principal Funding Sub-Account of any Tranche of Class C Notes unless, after
giving effect to such deposit and any reductions and reallocations on such date,
including any resulting changes to the Adjusted Invested Amount of such Tranche,
the following conditions are satisfied:

                  (x) the aggregate Adjusted Invested Amount of all Class B
      Notes, Class C Notes and Class D Notes (other than the Class C Notes for
      which such deposit is required) is at least equal to the Class A Required
      Subordinated Amount; and

                  (y) the aggregate Adjusted Invested Amount of all Class C
      Notes and Class D Notes (other than the Class C Notes for which such
      deposit is required) is at least equal to the Class B Required
      Subordinated Amount.

            (iii) No Available Principal Collections will be deposited in the
Principal Funding Sub-Account of any Tranche of Class D Notes unless, after
giving effect to such deposit

                                     - 31 -
<PAGE>

and any reductions and reallocations on such date, including any resulting
changes to the Adjusted Invested Amount of such Tranche, the following
conditions are satisfied:

                  (x) the aggregate Adjusted Invested Amount of all Class B
      Notes, Class C Notes and Class D Notes (other than the Class D Notes for
      which such deposit is required) is at least equal to the Class A Required
      Subordinated Amount;

                  (y) the aggregate Adjusted Invested Amount of all Class C
      Notes and Class D Notes (other than the Class D Notes for which such
      deposit is required) is at least equal to the Class B Required
      Subordinated Amount; and

                  (z) the aggregate Adjusted Invested Amount of all Class D
      Notes (other than the Class D Notes for which such deposit is required) is
      at least equal to the Class C Required Subordinated Amount.

            (iv) Notwithstanding anything in the Indenture or this Indenture
Supplement to the contrary, Available Principal Collections will be deposited in
the Principal Funding Sub-Account of a Tranche of Subordinated Notes, if and
only to the extent that such deposit is not contrary to clause (a)(i), (a)(ii)
or (a)(iii) above.

            (v) This Section 4.18(a) shall not prevent deposits to the Principal
Funding Sub-Account of a Tranche of Subordinated Notes on the Final Maturity
Date of such Tranche (or, if the Final Maturity Date of such Tranche is not a
Payment Date, on the Payment Date immediately preceding such Final Maturity
Date).

      (b) Limit on Repayments of all Tranches. No amounts on deposit in a
Principal Funding Sub-Account for any Tranche of Notes, in the Spread Account or
in the Cash Collateral Account will be applied to pay principal of that Tranche
or to make a payment under a Derivative Agreement with respect to principal of
that Tranche in excess of the highest Outstanding Principal Balance of that
Tranche.

      Section 4.19 Calculation of Coverage Funding Required Amount.

      (a) The Coverage Funding Required Amount for any day during any Monthly
Period means an amount, not less than zero, equal to the greatest of the
following amounts:

            (i) the quotient of (x) the excess, if any, of (A) the Class A
Required Subordinated Amount (taking into consideration any deposits or
withdrawals to be made on the related Payment Date) over (B) the aggregate
Adjusted Outstanding Principal Balance of all Tranches of Class B Notes, Class C
Notes and Class D Notes (in each case, other than Tranches which have (1) had
Pay Out Events or other mandatory or optional redemption events in which such
Tranches are to be redeemed in full in or with respect to any preceding Monthly
Period, (2) had Events of Default in or with respect to any preceding Monthly
Period, or (3) reached or are expected to reach their Expected Final Principal
Payment Date in that Monthly Period or earlier Monthly Periods) divided by (y)
the percentage set forth in clause (i) of the definition of Class A Required
Subordinated Amount;

                                     - 32 -
<PAGE>

            (ii) the quotient of (x) the excess, if any, of (A) the Class B
Required Subordinated Amount (taking into consideration any deposits or
withdrawals to be made on the related Payment Date) over (B) the aggregate
Adjusted Outstanding Principal Balance of all Tranches of Class C Notes and
Class D Notes (in each case, other than Tranches which have (1) had Pay Out
Events or other mandatory or optional redemption events in which such Tranches
are to be redeemed in full in or with respect to any preceding Monthly Period,
(2) had Events of Default in or with respect to any preceding Monthly Period, or
(3) reached or are expected to reach their Expected Final Principal Payment Date
in that Monthly Period or earlier Monthly Periods) divided by (y) the percentage
set forth in clause (i) of the definition of Class B Required Subordinated
Amount; and

            (iii) the quotient of (x) the excess, if any, of (A) the Class C
Required Subordinated Amount (taking into consideration any deposits or
withdrawals to be made on the related Payment Date) over (B) the aggregate
Adjusted Outstanding Principal Balance of all Tranches of Class D Notes (other
than Tranches which have (1) had Pay Out Events or other mandatory or optional
redemption events in which such Tranches are to be redeemed in full in or with
respect to any preceding Monthly Period, (2) had Events of Default in or with
respect to any preceding Monthly Period, or (3) reached or are expected to reach
their Expected Final Principal Payment Date in that Monthly Period or earlier
Monthly Periods) divided by (y) the percentage set forth in clause (i) of the
definition of Class C Required Subordinated Amount.

      (b) On any day during any Monthly Period when the AdvantaSeries Coverage
Funding Required Amount exceeds zero, the Issuer shall calculate the Coverage
Funding Required Amount for each Class and Tranche of Notes of a Senior Class
which are Outstanding as of the close of business on the last day of the
preceding Monthly Period (taking into consideration any deposits or withdrawals
to be made on the related Payment Date).

            (i) The Coverage Funding Required Amount for the Class A Notes means
the lesser of (A) the AdvantaSeries Coverage Funding Required Amount and (B) the
aggregate Adjusted Invested Amount of all Class A Notes which are Outstanding as
of the close of business on the last day of the preceding Monthly Period (taking
into consideration any deposits or withdrawals to be made on the related Payment
Date).

            (ii) The Coverage Funding Required Amount for the Class B Notes
means the lesser of (A) the excess of the AdvantaSeries Coverage Funding
Required Amount over the Coverage Funding Required Amount for the Class A Notes
and (B) the aggregate Adjusted Invested Amount of all Class B Notes which are
Outstanding as of the close of business on the last day of the preceding Monthly
Period (taking into consideration any deposits or withdrawals to be made on the
related Payment Date).

            (iii) The Coverage Funding Required Amount for the Class C Notes
means the lesser of (A) the excess of the AdvantaSeries Coverage Funding
Required Amount over the sum of (x) the Coverage Funding Required Amount for the
Class A Notes and (y) the Coverage Funding Required Amount for the Class B
Notes, and (B) the aggregate Adjusted Invested Amount of all Class C Notes which
are Outstanding as of the close of business on the last day of the preceding
Monthly Period (taking into consideration any deposits or withdrawals to be made
on the related Payment Date).

                                     - 33 -
<PAGE>

            (iv) The Coverage Funding Required Amount for a Tranche of Notes
means an amount equal to the product of (A) the Coverage Funding Required Amount
for such Class times (b) a fraction the numerator of which is the Adjusted
Invested Amount of such Tranche and the denominator of which is the aggregate
Adjusted Invested Amount of all Tranches of that same Class which are
Outstanding as of the close of business on the last day of the preceding Monthly
Period (in each case, taking into consideration any deposits or withdrawals to
be made on the related Payment Date). In no event will the Coverage Funding
Required Amount for any Tranche be equal to an amount greater than the Adjusted
Invested Amount of such Tranche as of the close of business on the last day of
the preceding Monthly Period (taking into consideration any deposits or
withdrawals to be made on the related Payment Date).

      (c) On any day during any Monthly Period on which the Coverage Funding
Required Amount first exceeds zero, the Issuer will notify the Transferor and
the Rating Agencies of such event.

      Section 4.20 Withdrawals from Principal Funding Account. Withdrawals made
pursuant to this Section 4.20 with respect to any Tranche of Notes will be made
from the Principal Funding Sub-Account established for that Tranche only after
all allocations have been made pursuant to Sections 4.15, 4.16 and 4.17. In no
event will the amount of the withdrawal be more than the amount on deposit in
the applicable Principal Funding Sub-Account. A single Tranche may be entitled
to more than one of the following withdrawals with respect to any Monthly
Period.

      (a) Withdrawals for Notes with no Derivative Agreement for Principal. On
each applicable Principal Payment Date (or as otherwise specified in the
applicable Terms Document) with respect to each Tranche of Notes, an amount
equal to the principal due on the applicable Tranche of Notes on the applicable
Principal Payment Date will be withdrawn from such Principal Funding Sub-Account
and remitted to the applicable Paying Agent(s) or as otherwise provided by the
related Terms Document.

      (b) Withdrawals for Notes with Performing Derivative Agreements for
Principal. On each date on which payment is required under the applicable
Derivative Agreement (or as specified in the applicable Terms Document) with
respect to any Tranche of Notes that has a Performing Derivative Agreement for
principal, an amount equal to the amount of the payment to be made under the
applicable Derivative Agreement will be withdrawn from such Principal Funding
Sub-Account and paid to the applicable Derivative Counterparty or as otherwise
provided by the applicable Terms Document. The Issuer shall direct the
applicable Derivative Counterparty to remit its payments under the applicable
Derivative Agreement to the applicable Paying Agent(s) or as otherwise provided
by the applicable Terms Document.

      (c) Withdrawals for Notes with a non-Performing Derivative Agreement for
Principal. On each applicable Principal Payment Date (or as specified in the
applicable Terms Document) with respect to each Tranche of Notes with a
non-Performing Derivative Agreement for principal, the amount specified in the
applicable Terms Document will be withdrawn from such Principal Funding
Sub-Account and remitted to the applicable Paying Agent(s) or as otherwise
provided by the applicable Terms Document.

                                     - 34 -
<PAGE>

      (d) Withdrawal of Coverage Funding Excess Amount. If the Servicer on any
date determines with respect to any Class or Tranche of Class A Notes, Class B
Notes, Class C Notes or Class D Notes that, after giving effect to all
issuances, deposits, allocations, reallocations and payments on such date, the
Coverage Funding Excess Amount of that Class or Tranche is greater than zero,
that amount will be withdrawn from the Principal Funding Sub-Account of that
Class or Tranche of Notes and first, allocated among and deposited to the
Principal Funding Sub-Account of the Tranches of Notes in the manner, order and
priority set forth in Section 4.17(b), second, deposited in the Cash Collateral
Account to the extent that the Available Cash Collateral Account Amount is less
than the Required Cash Collateral Account Amount, and third, paid to the holders
of the Trust Beneficial Interest.

      (e) Final Maturity Date. On the Final Maturity Date of any Tranche, after
giving effect to any deposits, allocations, reallocations, sales of Foreclosure
Certificates or other payments to be made on that date, amounts on deposit in
the Principal Funding Sub-Account of that Tranche of Notes will be applied to
pay principal of that Tranche, to make a payment under a Derivative Agreement
with respect to principal of that Tranche, or to make other payments as
specified in the related Terms Document.

      (f) Excess Amounts. Upon payment in full of any Tranche of Notes, any
remaining amount on deposit in the applicable Principal Funding Sub-Account will
be first, allocated to cover shortfalls in required interest payments on other
Tranches of Notes in the manner, order and priority set forth in Section
4.05(b), second, allocated among and deposited to the Principal Funding
Sub-Accounts of other Tranches of Notes in the manner, order and priority set
forth in Section 4.17(b), and third, paid to the holders of the Trust Beneficial
Interest.

      Section 4.21 Adjustments to Required Subordinated Amounts and Required
Cash Collateral Account Amount. The Issuer may change the definition of the
Class A Required Subordinated Amount, Class B Required Subordinated Amount,
Class C Required Subordinated Amount and the Required Cash Collateral Account
Amount (including the percentages therein) without the consent of any Noteholder
so long as the Issuer has (i) written confirmation from each Rating Agency then
rating any Class or Tranche of the Notes that the change will not cause a
reduction or withdrawal of the rating of any Outstanding Class or Tranche and
(ii) delivered to the Indenture Trustee and each Rating Agency then rating any
Class or Tranche of then Outstanding Notes a Tax Opinion with respect to such
change.

      Section 4.22 Deposits to the Cash Collateral Account.

      (a) On the Closing Date for a Tranche, the Transferor shall deposit, cause
to be deposited or maintain in the Cash Collateral Account any amount necessary
to satisfy Section 1.03(a)(xii).

      (b) If on any Payment Date, after giving effect to all withdrawals from
the Cash Collateral Account, the Available Cash Collateral Account Amount is
less than the Required Cash Collateral Account Amount then in effect, Available
Finance Charge Collections shall be deposited into the Cash Collateral Account
under the circumstances set forth in subsection 4.07(h) up to the amount of the
Cash Collateral Account Deficit.

                                     - 35 -
<PAGE>

      (c) The Indenture Trustee shall deposit into the Cash Collateral Account
amounts withdrawn from the Principal Funding Account pursuant to Section
4.20(d).

      (d) On each Payment Date, the Indenture Trustee shall deposit into the
Cash Collateral Account amounts withdrawn from the Spread Account pursuant to
Section 4.25(d).

      Section 4.23 Withdrawals from the Cash Collateral Account. Withdrawals
will be made from the Cash Collateral Account in the following order of
priority:

      (a) Payments of PFA Earnings Shortfall. On or prior to each Payment Date,
the Issuer shall calculate the PFA Earnings Shortfall, if any, for the
AdvantaSeries. If there is any PFA Earnings Shortfall for the AdvantaSeries for
that Payment Date or any prior Payment Date, the Issuer shall withdraw such
amount from the Cash Collateral Account, to the extent available, for the
treatment as Available Finance Charge Collections for such Monthly Period.

      (b) Payments of Interest and Servicing Fee. If, on any Payment Date, the
amount allocated from Available Finance Charge Collections (including amounts
treated as Available Finance Charge Collections pursuant to Section 4.23(a))
pursuant to Section 4.05 and Section 4.07, plus the amount allocated from the
Spread Account described in Section 4.06(b)(ii) to any Tranche of Notes, to any
Derivative Counterparty under any Derivative Agreements or to the Servicer to
pay the Monthly Servicing Fee is insufficient to pay in full the amounts
required under Section 4.09 and Section 3.01(a), respectively, an amount equal
to the lesser of (x) the aggregate amount of such deficiency or (y) the amount
on deposit in the Cash Collateral Account (after giving effect to all deposits
to the Cash Collateral Account or any withdrawal from the Cash Collateral
Account pursuant to Section 4.23(a) with respect to such Payment Date) will be
withdrawn from the Cash Collateral Account and deposited into the Collection
Account to make the following distributions:

            (i) first, to cover any shortfall in the amount of required interest
      payments due on the Class A Notes,

            (ii) second, after the amount of interest due on the Class A Notes
      has been paid in full, to cover any shortfall in the amount of required
      interest payments due the Class B Notes,

            (iii) third, after the amount of interest due on the Class B Notes
      has been paid in full, to cover any insufficiency in payment of the
      Monthly Servicing Fee,

            (iv) fourth, after any insufficiency in payment of the Monthly
      Servicing Fee has been paid in full, to cover any shortfall in the amount
      of required interest payments due on the Class C Notes, and

            (v) fifth, after the amount of interest due on the Class C Notes has
      been paid in full, to cover any shortfall in the amount of required
      interest payments due on the Class D Notes.

      If the amount available to be withdrawn under this Section 4.23(b) with
respect to any Class of Notes is at least equal to the amount required to be
withdrawn under this Section

                                     - 36 -
<PAGE>

4.23(b), then the required amount shall be allocated to each Tranche of Notes
and distributed from the Collection Account to the Paying Agent for payment to
the holders of the respective Tranche of Notes or the related Derivative
Counterparties.

      If the amount available to be withdrawn under this Section 4.23(b) with
respect to any Class is less than the amount required to be withdrawn under this
Section 4.23(b), then the amount available will be allocated to each Class as
specified in Section 4.23(b)(i) through (v) above, and then to each Tranche of
such Class pro rata based on the ratio of the amount of the insufficiency of
funds available for such Monthly Period for such Tranche of Notes to the amount
of the insufficiency of funds available for such Monthly Period for all Tranches
of such Class and distributed from the Collection Account to the Paying Agent
for payment to the respective holders of the Tranche of Notes or the related
Derivative Counterparties.

      (c) Allocations of Defaulted Amounts. If, on any Payment Date, the
application of Available Finance Charge Collections pursuant to Section 4.07(f)
and withdrawals from the Spread Account pursuant to Section 4.25(b)) are
insufficient to cover in full any AdvantaSeries Defaulted Amount, funds shall be
withdrawn from the Cash Collateral Account up to the lesser of (i) the Available
Cash Collateral Account Amount (after giving effect to withdrawals pursuant to
Section 4.23(a) and Section 4.23(b)) and (ii) such AdvantaSeries Defaulted
Amount and treated as a portion of Available Principal Collections for such
Payment Date.

      (d) Withdrawal Prior to Final Maturity Date. If a Foreclosure Certificate
for a Tranche of Notes is to be issued prior to the Final Maturity Date, or
Foreclosure Certificates for multiple Tranches of Notes are to be issued
simultaneously prior to the Final Maturity Dates of the affected Tranches of
Notes, then on the date of issuance of the Foreclosure Certificate or
Foreclosure Certificates, the Indenture Trustee, at the written direction of the
Servicer, will withdraw from the Cash Collateral Account an amount equal to the
excess, if any, of (i) the Available Cash Collateral Account Amount (after
giving effect to all withdrawals pursuant to Sections 4.23(a)-(c)) over (ii) the
Required Cash Collateral Account Amount on such date, assuming for purposes of
this clause (ii) that the Adjusted Outstanding Principal Balance of the
accelerated Tranche or Tranches of Notes were reduced to zero on that day, and
will apply the amount withdrawn pro rata among the affected Tranches of Notes
based on the ratio of Adjusted Invested Amount of the related Tranche of Notes
to the aggregate Adjusted Invested Amounts of all of the affected Tranches of
Notes, for application in accordance with Section 6.04(b).

      (e) Withdrawal at Final Maturity Date. If the Adjusted Invested Amount
with respect to any Tranche of Notes is greater than zero on its Final Maturity
Date (after giving effect to any adjustments, deposits and distributions
otherwise to be made on that Final Maturity Date, but before giving effect to
Section 4.25(d) and any proceeds realized from the issuance of a Foreclosure
Certificate), the Indenture Trustee, at the written direction of the Servicer,
shall withdraw from the Cash Collateral Account an amount equal to the product
of (1) the Available Cash Collateral Account Amount (after giving effect to all
withdrawals pursuant to Section 4.23(a)-(d)) multiplied by (2) a fraction, the
numerator of which is the Adjusted Invested Amount of such Tranche and the
denominator of which is the aggregate Adjusted Invested Amount of the
AdvantaSeries, and will apply the amount withdrawn for application in accordance
with Section 6.04(b).

                                     - 37 -
<PAGE>

      (f) Withdrawal of Excess Amounts. If on any Payment Date, after giving
effect to all withdrawals from and deposits to the Cash Collateral Account, the
amount on deposit in the Cash Collateral Account would exceed the Required Cash
Collateral Account Amount then in effect, the Indenture Trustee shall, at the
written direction of the Servicer, release such excess to the holder of the
Trust Beneficial Interest. On the date on which the Outstanding Principal
Balance of each Tranche of the Class A, Class B, Class C and Class D Notes has
been paid in full, the Indenture Trustee, at the written direction of the
Servicer, shall withdraw from the Cash Collateral Account all amounts then
remaining in the Cash Collateral Account and pay such amounts to the holder of
the Trust Beneficial Interest.

      Section 4.24 Required Deposits to the Spread Account. The deposit required
to be made to the Spread Account on any Payment Date is an amount equal to the
Required Spread Account Amount minus any amount on deposit in the Spread Account
at the opening of business on such Payment Date.

      (a) On the Closing Date for a Tranche, the Transferor shall deposit, cause
to be deposited or maintain in the Spread Account any amount necessary to
satisfy Section 1.03(a)(viii).

      (b) If on any Payment Date, after giving effect to all withdrawals from
the Spread Account, the amount on deposit in the Spread Account is less than the
Required Spread Account Amount then in effect, Available Finance Charge
Collections shall be deposited into the Spread Account under the circumstances
set forth in subsection 4.07(i) up to the amount of such deficiency.

      Section 4.25 Withdrawals from the Spread Account. Withdrawals will be made
from the Spread Account in the following order of priority:

      (a) Payments of Interest and Servicing Fee. If, on any Payment Date, the
amount allocated to any Tranche of Notes, to any Derivative Counterparty under
any Derivative Agreement or to the Servicer to pay the Monthly Servicing Fee
from Available Finance Charge Collections pursuant to Section 4.05 and Section
4.07 is insufficient to pay in full the amounts required under Section 4.09 and
Section 3.01(a), respectively, an amount equal to the lesser of (x) the
aggregate amount of such deficiencies and (y) the amount on deposit in the
Spread Account will be withdrawn from the Spread Account and deposited into the
Collection Account to make the following distributions:

            (i) first, to cover any shortfall in the amount of required interest
      payments due on the Class A Notes,

            (ii) second, after the amount of interest due on the Class A Notes
      has been paid in full, to cover any shortfall in the amount of required
      interest payments due on the Class B Notes,

            (iii) third, after the amount of interest due on the Class B Notes
      has been paid in full, to cover any insufficiency with respect to payment
      to the Servicer of the Monthly Servicing Fee,

                                     - 38 -
<PAGE>

            (iv) fourth, after any insufficiency with respect to payment to the
      Servicer of the Monthly Servicing Fee has been paid in full, to cover any
      shortfall in the amount of required interest payments due on the Class C
      Notes, and

            (v) fifth, after any of the amount of interest due on the Class C
      Notes has been paid in full, to cover any shortfall in the amount of
      required interest payments due on the Class D Notes.

      If the amount available to be withdrawn under this Section 4.25(a) with
respect to any Class of Notes is at least equal to the amount to be withdrawn
under this Section 4.25(a), then the required amount shall be allocated to each
Tranche of Notes and distributed from the Collection Account to the Paying Agent
for payment to the respective Tranche of Notes or the related Derivative
Counterparties.

      If the amount available to be withdrawn under this Section 4.25(a) with
respect to any Class is less than the amount required to be withdrawn under this
Section 4.25(a), then the amount available will be allocated to each Tranche of
such Class pro rata based on the ratio of the amount of the insufficiency of
funds available for such Monthly Period for such Tranche of Notes to the amount
of the insufficiency of funds available for such Monthly Period for all Tranches
of such Class and distributed from the Collection Account to the Paying Agent
for payment to the respective Tranche of Notes or the related Derivative
Counterparties.

      (b) Allocations of Defaulted Amounts. If, on any Payment Date, the
application of Available Finance Charge Collections pursuant to Section 4.07(f)
is insufficient to cover in full any AdvantaSeries Defaulted Amount, funds shall
be withdrawn from the Spread Account up to the lesser of (a) the amount on
deposit in the Spread Account (after giving effect to withdrawals pursuant to
Section 4.25(a)) and (b) such AdvantaSeries Defaulted Amount and treated as a
portion of Available Principal Collections for such Payment Date.

      (c) Withdrawal Prior to Final Maturity Date. If a Foreclosure Certificate
for a Tranche of Notes is to be issued prior to the Final Maturity Date or
Foreclosure Certificates for multiple Tranches of Notes are to be issued
simultaneously prior to the Final Maturity Dates of the affected Tranches of
Notes, then on the date of issuance of the Foreclosure Certificate or
Foreclosure Certificates, the Indenture Trustee, at the written direction of the
Servicer, will withdraw from the Spread Account an amount equal to the excess,
if any, of (i) the amount on deposit in the Spread Account (after giving effect
to all withdrawals pursuant to 4.25(a)-(b)) over (ii) the Required Spread
Account Amount on such date, assuming for purposes of this clause (ii) that the
Initial Principal Balance of each such accelerated Tranche of Notes were reduced
to zero on such day, and will apply the amount withdrawn pro rata among the
affected Tranches of Notes based on the ratio of Adjusted Invested Amount of the
related Tranche of Notes to the aggregate Adjusted Invested Amounts of all of
the affected Tranches of Notes, for application in accordance with Section
6.04(b).

      (d) Withdrawal at Final Maturity Date. If the Adjusted Invested Amount
with respect to any Tranche of Notes is greater than zero on its Final Maturity
Date (after giving effect to any adjustments, deposits and distributions
otherwise to be made on that Final Maturity Date, but before giving effect to
Section 4.23(c) and any proceeds realized from the issuance of a

                                     - 39 -
<PAGE>

Foreclosure Certificate), the Indenture Trustee, at the written direction of the
Servicer, shall withdraw from the Spread Account an amount equal to the lesser
of (x) the product of (1) the amount on deposit in the Spread Account (after
giving effect to all withdrawals pursuant to Section 4.25(a)-(c)) multiplied by
(2) a fraction, the numerator of which is the Adjusted Invested Amount of such
Tranche and the denominator of which is the aggregate Adjusted Invested Amount
of the AdvantaSeries, and will apply the amount withdrawn for application in
accordance with Section 6.04(b).

      (e) Withdrawal of Excess Amounts. If on any Payment Date, after giving
effect to all withdrawals from and deposits to the Spread Account, the amount on
deposit in the Spread Account would exceed the Required Spread Account Amount
then in effect, the Indenture Trustee shall, at the written direction of the
Servicer, withdraw such excess amount and (i) deposit such excess amount into
the Cash Collateral Account to the extent that the Available Cash Collateral
Account Amount is less than the Required Cash Collateral Account Amount and (ii)
release the balance, if any, of such excess amount to the holders of the Trust
Beneficial Interest. On the date on which the Outstanding Principal Balance of
each Tranche of the Class A Notes, Class B Notes, Class C Notes and Class D
Notes has been paid in full, the Indenture Trustee, at the written direction of
the Servicer, shall withdraw from the Spread Account all amounts then remaining
in the Spread Account and pay such amounts to the holder of the Trust Beneficial
Interest.

      Section 4.26 Distributions.

      (a) On each Payment Date, the Paying Agent shall distribute to each Class
A Noteholder of record on the related Record Date (other than as provided in
Section 11.02 of the Indenture) such Class A Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest on the Class A Notes pursuant to this Indenture
Supplement and the related Terms Document, as directed in the Monthly Payment
Instructions in the form of Exhibit B.

      (b) On each Payment Date, the Paying Agent shall distribute to each Class
A Noteholder of record on the related Record Date (other than as provided in
Section 11.02 of the Indenture) such Class A Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay principal of the Class A Notes pursuant to this Indenture
Supplement and the related Terms Document, in an amount not greater than the
highest Outstanding Principal Balance of such Class.

      (c) On each Payment Date, the Paying Agent shall distribute to each Class
B Noteholder of record on the related Record Date (other than as provided in
Section 11.02 of the Indenture) such Class B Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest on the Class B Notes pursuant to this Indenture
Supplement and the related Terms Document.

      (d) On each Payment Date, the Paying Agent shall distribute to each Class
B Noteholder of record on the related Record Date (other that as provided in
Section 11.02 of the Indenture) such Class B Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay principal of the Class B Notes

                                     - 40 -
<PAGE>

pursuant to this Indenture Supplement and the related Terms Document, in an
amount not greater than the highest Outstanding Principal Balance of such Class.

      (e) On each Payment Date, the Paying Agent shall distribute to each Class
C Noteholder of record on the related Record Date (other than as provided in
Section 11.02 of the Indenture) such Class C Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest on the Class C Notes pursuant to this Indenture
Supplement and the related Terms Document.

      (f) On each Payment Date, the Paying Agent shall distribute to each Class
C Noteholder of record on the related Record Date (other that as provided in
Section 11.02 of the Indenture) such Class C Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay principal of the Class C Notes pursuant to this Indenture
Supplement and the related Terms Document, in an amount not greater than the
highest Outstanding Principal Balance of such Class.

      (g) On each Payment Date, the Paying Agent shall distribute to each Class
D Noteholder of record on the related Record Date (other than as provided in
Section 11.02 of the Indenture) such Class D Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay interest on the Class D Notes pursuant to this Indenture
Supplement and the related Terms Document.

      (h) On each Payment Date, the Paying Agent shall distribute to each Class
D Noteholder of record on the related Record Date (other that as provided in
Section 11.02 of the Indenture) such Class D Noteholder's pro rata share of the
amounts held by the Paying Agent that are allocated and available on such
Payment Date to pay principal of the Class D Notes pursuant to this Indenture
Supplement and the related Terms Document, in an amount not greater than the
highest Outstanding Principal Balance of such Class.

      (i) On each date on which a payment is required to be made to a Derivative
Counterparty under the related Derivative Agreement (or as specified in the
related Terms Document) with respect to any Tranche of Notes which has a
Derivative Agreement, the Paying Agent shall distribute to the related
Derivative Counterparty, or as otherwise provided in the related Derivative
Agreement, an amount equal to the amount of the payment to be made to the
Derivative Counterparty under the related Derivative Agreement.

      (j) The distributions to be made pursuant to this Section 4.26 are subject
to the provisions of Sections 2.06, 6.01 and 7.01 of the Transfer and Servicing
Agreement, Section 11.02 of the Indenture and Section 7.01 of this Indenture
Supplement.

      Section 4.27 Pro rata Payments within a Tranche. All payments of
principal, interest or other amounts to Holders of the Notes of a single Tranche
will be made pro rata based on the Outstanding Principal Balance of their Notes.

      Section 4.28 Netting of Deposits and Payments. The Issuer, in its sole
discretion, may make all deposits to the Collection Account and Principal
Funding Sub-Accounts pursuant to Sections 4.07 and 4.16 with respect to any
Monthly Period net of, and after giving effect to, (a) all reallocations to be
made pursuant to Section 4.15, (b) all payments to be made to Derivative

                                     - 41 -
<PAGE>

Counterparties pursuant to Section 4.09 and Section 4.20, and (c) all payments
to the holder of the Trust Beneficial Interest or its designee pursuant to
Section 4.15(g) and Section 4.30.

      Section 4.29 Excess Finance Charge Collections Sharing. The AdvantaSeries
shall be an Excess Allocation Series with respect to Group One only. Subject to
Section 8.08 of the Indenture, Excess Finance Charge Collections with respect to
the Excess Allocation Series in Group One for any Payment Date will be allocated
to the AdvantaSeries in an amount equal to the product of (x) the aggregate
amount of Excess Finance Charge Collections with respect to all the Excess
Allocation Series in Group One for such Payment Date and (y) a fraction, the
numerator of which is the Finance Charge Shortfall for the AdvantaSeries for
such Payment Date and the denominator of which is the aggregate amount of
Finance Charge Shortfalls for all the Excess Allocation Series in Group One for
such Payment Date. Excess Finance Charge Collections allocable to the
AdvantaSeries on any Payment Date shall be treated as Available Finance Charge
Collections for such Payment Date.

      Section 4.30 Shared Principal Collections. Subject to Section 8.05 of the
Indenture, Shared Principal Collections with respect to the Series in Group One
for any Payment Date will be allocated to the AdvantaSeries in an amount equal
to the product of (x) the aggregate amount of Shared Principal Collections with
respect to all Principal Sharing Series in Group One for such Payment Date and
(y) a fraction, the numerator of which is the AdvantaSeries Principal Shortfall
for such Payment Date and the denominator of which is the aggregate amount of
Principal Shortfalls for all the Series which are Principal Sharing Series in
Group One for such Payment Date. Shared Principal Collections allocable to the
AdvantaSeries on any Payment Date shall be treated as Available Principal
Collections for such Payment Date.

      Section 4.31 Investment Instructions. Any investment instructions required
to be given to the Indenture Trustee pursuant to the terms hereof must be given
to the Indenture Trustee in writing no later than 11:00 a.m., New York City
time, on the date such investment is to be made. In the event the Indenture
Trustee receives such investment instruction later than such time, the Indenture
Trustee may, but shall have no obligation to, make such investment. In the event
the Indenture Trustee is unable to make an investment required in an investment
instruction received by the Indenture Trustee after 11:00 a.m., New York City
time, on such day, such investment shall be made by the Indenture Trustee on the
next succeeding Business Day. In no event shall the Indenture Trustee be liable
for any investment not made pursuant to investment instructions received after
11:00 a.m., New York City time, on the day such investment is requested to be
made.

      Section 4.32 Issuer Accounts.

      (a) On or prior to the initial Closing Date with respect to the
AdvantaSeries, the Indenture Trustee shall establish and maintain with an
Eligible Institution (which may be the Indenture Trustee) in the name of the
Trust, on behalf of the Trust, for the benefit of the AdvantaSeries Noteholders,
three segregated trust accounts with the corporate trust department of such
Eligible Institution, bearing a designation clearly indicating that the funds
deposited therein are held for the benefit of the AdvantaSeries Noteholders
denominated as follows: the "Principal Funding Account," the "Cash Collateral
Account" and the "Spread Account" or such other account that may be established
pursuant to a Terms Document (each, an "ISSUER

                                     - 42 -
<PAGE>

ACCOUNT"). Except as otherwise provided in Sections 4.23 and 4.25, the Indenture
Trustee shall possess all right, title and interest in all funds on deposit from
time to time in the Issuer Accounts and in all proceeds thereof. The Issuer
Accounts shall be under the sole dominion and control of the Indenture Trustee
for the benefit of the AdvantaSeries Noteholders. If at any time the institution
holding an Issuer Account ceases to be an Eligible Institution, the Servicer
shall notify the Indenture Trustee in writing, and the Indenture Trustee upon
being so notified (or the Servicer on its behalf) shall, within ten (10)
Business Days (or such longer period as to which the Rating Agencies may
consent), establish a new applicable Issuer Account meeting the conditions
specified above with an Eligible Institution, and shall transfer any cash or any
investments to such new Issuer Account. If the institution holding an Issuer
Account is the Indenture Trustee and it ceases to be an Eligible Institution,
the Indenture Trustee shall notify the Servicer. From the date such new Issuer
Account is established, it shall be the applicable "Issuer Account." The
Indenture Trustee, at the written direction of the Servicer, shall make
withdrawals from and deposits to the Issuer Accounts from time to time, in the
amounts and for the purposes set forth in this Indenture Supplement and the
related Terms Document prior to the termination of such Issuer Account. Each
Tranche of Notes will have its own Sub-Account within the Principal Funding
Account. The Principal Funding Account, the Cash Collateral Account and the
Spread Account will receive deposits pursuant to Article IV of this Indenture
Supplement and the Terms Documents.

      (b) Funds on deposit in the Issuer Accounts shall be invested by the
Indenture Trustee at the written direction of the Servicer in Eligible
Investments. Funds on deposit in the Issuer Accounts on any Payment Date, after
giving effect to any deposits to or withdrawals from the Issuer Accounts on such
Payment Date, shall be invested in such investments that will mature so that
such funds will be available for withdrawal on the Business Day prior to the
following Payment Date.

      The Indenture Trustee shall hold such of the Eligible Investments as
consists of instruments, deposit accounts, negotiable documents, money, goods,
letters of credit, and advices of credit in the State of New York. The Indenture
Trustee shall hold such of the Eligible Investments as constitutes investment
property through a securities intermediary, which securities intermediary shall
agree with the Indenture Trustee that (a) such investment property shall at all
times be credited to a securities account of the Indenture Trustee, (b) such
securities intermediary shall treat the Indenture Trustee as entitled to
exercise the rights that comprise each financial asset credited to such
securities account, (c) all property credited to such securities account shall
be treated as a financial asset, (d) such securities intermediary shall comply
with entitlement orders originated by the Indenture Trustee without the further
consent of any other person or entity, (e) such securities intermediary will not
agree with any person or entity other than the Indenture Trustee to comply with
entitlement orders originated by such other person or entity, (f)such securities
accounts and the property credited thereto shall not be subject to any lien,
security interest or right of set-off in favor of such securities intermediary
or anyone claiming through it (other than the Indenture Trustee), and (g) such
agreement shall be governed by the laws of the State of New York. Terms used in
the preceding sentence that are defined in the New York UCC and not otherwise
defined herein shall have the meaning set forth in the New York UCC.

                                     - 43 -
<PAGE>

      (c) All payments to be made from time to time by the Indenture Trustee to
Noteholders out of funds in the Collection Account, the Principal Funding
Account, the Principal Funding Sub-Accounts, the Cash Collateral Account or the
Spread Account pursuant to this Indenture Supplement will be made by the
Indenture Trustee to the Paying Agent not later than 12:00 noon (New York City
time) on the applicable Interest Payment Date or Principal Payment Date but only
to the extent of available funds in the applicable Issuer Account or as
otherwise provided in Article IV.

      (d) On each Payment Date, all interest and earnings (net of losses and
investment expenses) accrued since the preceding Payment Date on funds on
deposit in the Cash Collateral Account will be retained in the Cash Collateral
Account and applied as other funds therein are applied pursuant to Section 4.23.

      (e) On each Payment Date, all interest and earnings (net of losses and
investment expenses) accrued since the preceding Payment Date on funds on
deposit in the Spread Account will be retained in the Spread Account and applied
as other funds therein are applied pursuant to Section 4.25.

      (f) From time to time in connection with the issuance of a Class or
Tranche of Notes, the Issuer may cause the Indenture Trustee to establish one or
more other segregated trust accounts in the manner and satisfying the
requirements set forth in this Section 4.32 of this Indenture Supplement and, if
applicable, the related Terms Document. Each such account shall also be deemed
an "Issuer Account."

      Section 4.33 Final Payment. The Holders of each Class or Tranche of Notes,
as applicable, will have no further right or claim, and the Issuer will have no
further obligation or liability with respect to such Class or Tranche of Notes,
as applicable, on the earliest to occur of:

      (a) the date on which the Outstanding Principal Balance of such Class or
Tranche of Notes, after giving effect to all deposits, allocations,
reallocations, sales of Foreclosure Certificates and payments to be made on such
date, is reduced to zero, and all accrued interest on such Notes is paid in
full; or

      (b) on the Final Maturity Date of such Class or Tranche of Notes, after
giving effect to all deposits, allocations, reallocations, sales of Foreclosure
Certificates and payments to be made on such date.

      Section 4.34 Regarding Monthly Payment Instructions to the Indenture
Trustee. All withdrawals and deposits pursuant to this Article IV shall be given
by the Servicer and Administrator, on behalf of the Issuer, in the Monthly
Payment Instructions to the Indenture Trustee in the form of Exhibit B or as
directed in writing by the Servicer and Administrator, on behalf of the Issuer,
in a form which is acceptable to the Indenture Trustee.

                               [END OF ARTICLE IV]

                                     - 44 -
<PAGE>

                                   ARTICLE V
                               Delivery of Notes;
                      Reports to AdvantaSeries Noteholders

      Section 5.01 Delivery and Payment for the Notes; Form and Denomination.
The Issuer shall execute and issue, and the Indenture Trustee shall
authenticate, the Notes in accordance with Section 2.03 of the Indenture. The
Indenture Trustee shall deliver the Notes to or upon the order of the Trust when
so authenticated. The Class A Notes, the Class B Notes and the Class C Notes
shall be Book-Entry Notes. The Class D Notes shall be delivered as Definitive
Notes, and not as Book-Entry Notes. The Class D Notes shall not be registered in
the name of the nominee of the Clearing Agency or Foreign Clearing Agency. The
Class D Notes shall be available in the denomination set forth in the Terms
Document for each related Tranche.

      Section 5.02 Reports and Statements to AdvantaSeries Noteholders. On each
Payment Date, the Paying Agent, on behalf of the Indenture Trustee, shall
forward to each AdvantaSeries Noteholder a statement substantially in the form
of EXHIBIT C prepared by the Servicer.

      (a) Not later than the second Business Day preceding each Payment Date,
the Servicer shall deliver to the Owner Trustee, the Indenture Trustee, the
Paying Agent and each Rating Agency (i) a statement substantially in the form of
EXHIBIT C prepared by the Servicer and (ii) a certificate of an Authorized
Officer substantially in the form of EXHIBIT D; provided that the Servicer may
amend the form of EXHIBIT C and EXHIBIT D, from time to time, with the consent
of the Indenture Trustee, which consent shall not be unreasonably withheld.

      (b) A copy of each statement or certificate provided pursuant to paragraph
(a) or (b) may be obtained by any AdvantaSeries Noteholder by a request in
writing to the Servicer.

      (c) On or before January 31 of each calendar year, beginning with calendar
year 2006, the Paying Agent, on behalf of the Indenture Trustee, shall furnish
or cause to be furnished to each Person who at any time during the preceding
calendar year was a AdvantaSeries Noteholder, a statement prepared by the
Servicer containing the information which is required to be contained in the
statement to AdvantaSeries Noteholders, as set forth in paragraph (a) above,
aggregated for such calendar year or the applicable portion thereof during which
such Person was a AdvantaSeries Noteholder, together with other information as
is required to be provided by an issuer of indebtedness under the Code. Such
obligation of the Paying Agent shall be deemed to have been satisfied to the
extent that substantially comparable information shall be provided by the Paying
Agent pursuant to any requirements of the Code as from time to time in effect.

                               [END OF ARTICLE V]

                                     - 45 -
<PAGE>

                                   ARTICLE VI
                 AdvantaSeries Pay Out Events; Event of Default

      Section 6.01 AdvantaSeries Pay Out Events. If any one of the following
events shall occur with respect to the Notes or a Class or Tranche of the Notes:

      (a) failure on the part of the Transferor (i) to make any payment or
deposit required to be made by the Transferor by the terms of the Transfer and
Servicing Agreement, the Indenture or this Indenture Supplement on or before the
date occurring five (5) Business Days after the date such payment or deposit is
required to be made therein or herein or (ii) duly to observe or perform any
other covenants or agreements of the Transferor set forth in the Transfer and
Servicing Agreement, the Indenture or this Indenture Supplement, which failure
has a material adverse effect on the AdvantaSeries Noteholders and which
continues unremedied for a period of sixty (60) days after the date on which
written notice of such failure, requiring the same to be remedied, shall have
been given to the Transferor by the Indenture Trustee, or to the Transferor and
the Indenture Trustee by any Holder of the Notes and continues to materially and
adversely affect the interests of the noteholders during such 60-day period;

      (b) any representation or warranty made by the Transferor in the Transfer
and Servicing Agreement, the Indenture or this Indenture Supplement, or any
information contained in a computer file or microfiche list required to be
delivered by the Transferor pursuant to Section 2.01 or subsection 2.09(h) of
the Transfer and Servicing Agreement shall prove to have been incorrect in any
material respect when made or when delivered, which continues to be incorrect in
any material respect for a period of sixty (60) days after the date on which
written notice of such failure, requiring the same to be remedied, shall have
been given to the Transferor by the Indenture Trustee, or to the Transferor and
the Indenture Trustee by any Holder of the Notes and as a result of which the
interests of the AdvantaSeries Noteholders are materially and adversely affected
for such period; provided, however, that a AdvantaSeries Pay Out Event pursuant
to this subsection 6.01(b) shall not be deemed to have occurred hereunder if the
Transferor has accepted reassignment of the related Receivable, or all of such
Receivables, if applicable, during such period in accordance with the provisions
of the Transfer and Servicing Agreement;

      (c) for any month, the average of the Excess Spread Amounts for the three
preceding Monthly Periods is less than the Required Excess Spread Amount for
such month;

      (d) without limiting the foregoing, the occurrence of an Event of Default
and acceleration with respect to the AdvantaSeries;

      (e) the Outstanding Principal Balance of any Class or Tranche of Notes
shall not be paid in full on the related Expected Final Principal Payment Date;
and

      (f) the occurrence of any additional event listed in a Terms Document as
constituting an AdvantaSeries Pay Out Event with respect to a specific Tranche
of Notes;

then, in the case of any event described in subparagraph (a) or (b) or any Trust
Pay Out Event described in Section 5.01(a) of the Indenture, after the
applicable grace period, if any, set forth in such subparagraphs or in Section
5.01 of the Indenture, either the Indenture Trustee or the

                                     - 46 -
<PAGE>

Holders of the Notes evidencing not less than 50% of the aggregate unpaid
principal amount of the Notes by notice then given in writing to the Transferor
and the Servicer (and to the Indenture Trustee if given by the AdvantaSeries
Noteholders) may declare that a "SERIES PAY OUT EVENT" with respect to the
AdvantaSeries (an "ADVANTASERIES PAY OUT EVENT") has occurred as of the date of
such notice, and, in the case of any event described in subparagraph (c), (d) or
(e) or any Trust Pay Out Event described in Sections 5.01(b), (c), (d) or (e) of
the Indenture, (a "SERIES PAY OUT EVENT") (also an "ADVANTASERIES PAY OUT
EVENT") with respect to the AdvantaSeries or each affected Class or Tranche of
Notes, as the case may be, shall occur without any notice or other action on the
part of the Indenture Trustee or the affected AdvantaSeries Noteholders
immediately upon the occurrence of such event. Notwithstanding anything herein
to the contrary, an event described in Section 6.01(d) or (e) shall constitute a
Pay Out Event only with respect to the particular affected Class or Tranche.
Notwithstanding anything herein to the contrary, an event described in Section
6.01(f) shall constitute a Pay Out Event only with respect to the particular
affected Tranche, and will occur in the manner provided in the related Terms
Document.

      Section 6.02 AdvantaSeries Event of Default. Designated in accordance with
Section 5.02(f) of the Indenture, the Issuer's default in the payment of the
principal of any Tranche or Class of Notes on its Final Maturity Date shall
constitute an Event of Default with respect to such Class or Tranche only
(whatever the reason and whether it shall be voluntary or involuntary or be
effected by operation of law or pursuant to any judgment, decree or order of any
court or any order, rule or regulation of any administrative or governmental
body).

      Section 6.03 Acceleration of Maturity; Rescission and Annulment. If an
Event of Default described in Section 6.02 should occur and be continuing with
respect to a Tranche of the Notes, then and in every such case the Indenture
Trustee or the Holders of Notes of the affected Tranche representing more than
50% of the Outstanding Principal Balance of such Tranche may declare all the
Notes of such Tranche to be immediately due and payable, by a notice in writing
to the Issuer (and to the Indenture Trustee if declared by Noteholders), and
upon any such declaration the unpaid principal amount of such Notes, together
with accrued and unpaid interest thereon through the date of acceleration, shall
become immediately due and payable.

      At any time after such declaration of acceleration of maturity has been
made and before a judgment or decree for payment of the money due has been
obtained by the Indenture Trustee as provided in Article V of the Indenture, the
Holders of Notes representing more than 50% of the Outstanding Amount of such
Tranche, by written notice to the Issuer and the Indenture Trustee, may rescind
and annul such declaration and its consequences.

      No such rescission shall affect any subsequent default or impair any right
consequent thereto.

      Section 6.04 Remedies; Priorities.

      (a) If an Event of Default shall have occurred and be continuing with
respect to all of the Notes or any Class or Tranche, and the affected Notes have
been accelerated pursuant to

                                     - 47 -
<PAGE>

Section 5.03 of the Indenture or Section 6.03, the Indenture Trustee may do one
or more of the following (subject to Sections 5.06 and 12.16 of the Indenture):

            (i) institute Proceedings in its own name and as trustee of an
express trust for the collection of all amounts then payable on the accelerated
Notes or under the Indenture with respect thereto, whether by declaration or
otherwise, enforce any judgment obtained, and collect from the Issuer and any
other obligor upon such Notes moneys adjudged due;

            (ii) take any other appropriate action to protect and enforce the
rights and remedies of the Indenture Trustee and the Holders of the accelerated
Notes; or

            (iii) cause the issuance of a Foreclosure Certificate, which shall
take place at the option of the Indenture Trustee or at the written direction of
the Holders of the accelerated Notes representing more than 50% of the
Outstanding Principal Balance of the accelerated Notes; provided, however, the
issuance of such Foreclosure Certificate will be permitted only if at least one
of the following conditions is met:

                  (A) the Holders of 90% of the Outstanding Principal Balance of
            the accelerated Notes consent; or

                  (B) the net proceeds of such sale, plus amounts on deposit in
            the applicable Principal Funding Sub-Account, plus any amounts
            available to be distributed from the Cash Collateral Account and the
            Spread Account with respect to the accelerated Notes, would be
            sufficient to pay all amounts due on the accelerated Notes; or

                  (C) if the Indenture Trustee determines that the funds to be
            allocated to the accelerated Notes from Available Finance Charge
            Collections, Available Principal Collections, any amounts on deposit
            in the applicable Principal Funding Sub-Account, if any, or any
            amounts available to be distributed from the Cash Collateral Account
            or the Spread Account with respect to the accelerated Notes, may not
            be sufficient on an ongoing basis to make payments on the
            accelerated Notes as such payments would have become due if such
            acceleration had not occurred, and 66"% of the Holders of the
            accelerated Notes consent to the issuance of the Foreclosure
            Certificate.

      The Foreclosure Certificate will be issued in an amount equal to the
Adjusted Invested Amount of the accelerated Notes (determined prior to giving
effect to any proceeds realized from its issuance, or any amounts withdrawn from
the Spread Account or the Cash Collateral Account upon the issuance of such
Foreclosure Certificate).

      In the case of an acceleration of a Tranche of Subordinated Notes, if the
provisions of Section 4.18 would prevent the payment of the accelerated Tranche
of Subordinated Notes, such issuance of a Foreclosure Certificate will be
delayed until a level of coverage funding of the Principal Funding Sub-Accounts
for the Senior Notes pursuant to Section 4.19 has been reached such that the
amount of such accelerated Tranche is no longer required to provide
subordination for the Senior Notes.

                                     - 48 -
<PAGE>

      When a Foreclosure Certificate is issued with respect to Notes that have
been accelerated, those Notes shall be deemed to have been paid in full by the
Trust and the Holders of such Notes shall thereupon cease to have any claim
against the Trust with respect to such Notes.

      The remedies provided in this Section 6.04(a) are the exclusive remedies
provided to the Noteholders of the AdvantaSeries, or the affected Class or
Tranche, as the case may be, upon an Event of Default that affects solely the
AdvantaSeries or that Tranche with respect to the Collateral and each of the
related Noteholders (by their acceptance of their respective interests in the
Notes) or the Indenture Trustee hereby expressly waive any other remedy that
might have been available under the applicable UCC.

      (b) If the Indenture Trustee collects any money or property pursuant to
this Article VI or Article V of the Indenture following the acceleration of the
maturities of the affected Notes pursuant to Section 6.03 (so long a such
declaration shall not have been rescinded or annulled), it shall pay out the
money or property in the following order:

            (i)   to the Indenture Trustee for amounts due pursuant to Section
                  6.07 of the Indenture;

            (ii)  to pay principal on the affected Notes;

            (iii) to pay interest on the affected Notes; and

            (iv)  to be deposited in the Collection Account to be treated as
                  Available Finance Charge Collections.

      (c) The Indenture Trustee may, upon notification to the Issuer, fix a
record date and payment date for any payment to affected Noteholders pursuant to
this Section 6.04. At least fifteen (15) days before such record date, the
Indenture Trustee shall mail or send by facsimile to each such Noteholder a
notice that states the record date, the payment date and the amount to be paid.

      Section 6.05 Optional Preservation of the Collateral. If the Notes of any
Class or Tranche have been declared to be due and payable under Section 5.03 of
the Indenture or Section 6.03 following an Event of Default and such declaration
and its consequences have not been rescinded and annulled, and the Indenture
Trustee has not received directions from the Noteholders pursuant to Section
5.12 of the Indenture, the Indenture Trustee may, but need not, elect to
maintain possession of the portion of the Collateral which secures such Notes
and apply proceeds of the Collateral to make payments on such Notes to the
extent such proceeds are available therefor. It is the desire of the parties
hereto and the Noteholders that there be at all times sufficient funds for the
payment of principal of and interest on the Notes. In determining whether to
maintain possession of the Collateral, the Indenture Trustee may, but need not,
obtain and rely upon an opinion of an Independent investment banking or
accounting firm of national reputation as to the feasibility of such proposed
action and as to the sufficiency of the Trust Estate for such purpose.

                               [END OF ARTICLE VI]

                                     - 49 -
<PAGE>

                                  ARTICLE VII
                            Redemption of the Notes;
                     Final Distributions; Series Termination

      Section 7.01 Optional Redemption of the Notes; Final Distributions.

      (a) On any day occurring on or after the date on which the Outstanding
Principal Balance of a Class or a Tranche of the Notes is reduced to 10% or less
of the highest Outstanding Principal Balance (or, provided that Rating Agency
Condition is satisfied, such higher percentage as shall be specified from time
to time by the Servicer, consistent with sale treatment under GAAP and
regulatory accounting principles), the Servicer shall have the option to redeem
such Class or Tranche of the Notes; provided, however, that if such Class or
Tranche to be redeemed is of a Subordinated Class or Tranche, such Class or
Tranche will not be redeemed if the required subordination for a Senior Class of
Notes would not be satisfied following such redemption. Unless otherwise
specified in the Terms Document applicable to the Notes to be so redeemed, the
redemption price of a Series, Class or Tranche so redeemed shall equal 100% of
the outstanding principal amount of such Tranche, plus accrued, unpaid and
additional interest on such Tranche to but excluding the date of redemption, the
payment of which will be subject to the allocations, deposits and payments
sections of this Indenture Supplement.

      (b) The Servicer shall give the Issuer and the Indenture Trustee at least
thirty (30) days prior written notice of the date on which the Servicer intends
to exercise such optional redemption. Not later than 12:00 noon, New York City
time, on such day the Servicer shall deposit into the Collection Account in
immediately available funds the excess of the redemption price over the amount,
if any, on deposit in the Principal Funding Account applicable to each Tranche
of Notes to be redeemed. Following such deposit into the Collection Account in
accordance with the foregoing, the Noteholders of such Tranche shall have no
further security interest in the Receivables.

      (c)   (i)  The amount to be paid by the Transferor with respect to the
AdvantaSeries in connection with a reassignment of Receivables to the Transferor
pursuant to Section 2.06 of the Transfer and Servicing Agreement shall equal the
Reassignment Amount for the first Payment Date following the Monthly Period in
which the reassignment obligation arises under the Transfer and Servicing
Agreement.

            (ii) The amount to be paid by the Transferor with respect to the
AdvantaSeries in connection with a repurchase of the Notes pursuant to Section
7.01 of the Transfer and Servicing Agreement shall equal the Reassignment Amount
for the Payment Date of such repurchase.

      (d) Notwithstanding anything to the contrary in this Indenture Supplement,
the Indenture or the Transfer and Servicing Agreement, if the Paying Agent is
not also the Indenture Trustee, all amounts distributed to the Paying Agent
pursuant to subsection 7.01(a) for payment to Noteholders shall be deemed
distributed in full to such Noteholders on the date on which such funds are
distributed to the Paying Agent pursuant to this Section 7.01 and shall be
deemed to be a final distribution pursuant to Section 11.02 of the Indenture.

                                     - 50 -
<PAGE>

      Section 7.02 Series Termination. On the AdvantaSeries Final Maturity Date,
the right of the AdvantaSeries Noteholders to receive payments from the Issuer
will be limited solely to the right to receive payments pursuant to Section 5.05
of the Indenture.

                              [END OF ARTICLE VII]

                                     - 51 -
<PAGE>

                                  ARTICLE VIII
                            Miscellaneous Provisions

      Section 8.01 Ratification of Indenture. As supplemented by this Indenture
Supplement, the Indenture is in all respects ratified and confirmed and the
Indenture as so supplemented by this Indenture Supplement shall be read, taken
and construed as one and the same instrument.

      Section 8.02 Form of Delivery of the Notes. Unless otherwise specified in
the applicable Terms Document, the Class A Notes, the Class B Notes and the
Class C Notes shall be Book-Entry Notes and shall be delivered as Registered
Notes as provided in Section 2.01 of the Indenture in substantially the form of
Exhibit A hereto.

      Section 8.03 Amendment. This Indenture Supplement may be amended only in
accordance with the provisions set forth in Sections 10.01 and 10.02 of the
Indenture.

      Section 8.04 Counterparts. This Indenture Supplement may be executed in
two or more counterparts, and by different parties on separate counterparts,
each of which shall be an original, but all of which shall constitute one and
the same instrument.

      Section 8.05 GOVERNING LAW. THIS INDENTURE SUPPLEMENT SHALL BE CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS
CONFLICT OF LAWS PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE
PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      Section 8.06 Limitation of Liability. Notwithstanding any other provision
herein or elsewhere, this Agreement has been executed and delivered by
Wilmington Trust Company, not in its individual capacity, but solely in its
capacity as Owner Trustee of the Trust, in no event shall (i) Wilmington Trust
Company in its individual capacity, (ii) any owner of a beneficial interest in
the Trust or (iii) any partner, owner, beneficiary, agent, officer, director,
employee or agent of the Owner Trustee in its individual capacity, any holder of
a beneficial interest in the Trust, the Owner Trustee or of any successor or
assign of the Owner Trustee in its individual capacity, except as any such
Person may have expressly agreed (it being understood that the Owner Trustee has
no such obligations in its individual capacity), have any liability in respect
of the representations, warranties, or obligations of the Trust hereunder or
under any other document, as to all of which recourse shall be had solely to the
assets of the Trust, and for all purposes of this Agreement and each other
document, the Owner Trustee (as such or in its individual capacity) shall be
subject to, and entitled to the benefits of, the terms and provisions of the
Trust Agreement.

      Section 8.07 Representations and Warranties of the Issuer. The Issuer
hereby represents and warrants to the Indenture Trustee that:

      (a) Valid and Enforceable Security Interest. The Indenture creates a valid
and continuing security interest (as defined in the applicable UCC) in the
Collateral in favor of the Indenture Trustee, which security interest is prior
to all other Liens, and is enforceable as such as against creditors of and
purchasers from the Issuer;

                                     - 52 -
<PAGE>

      (b) No Liens. The Issuer owns and has good and marketable title to the
Collateral free and clear of any Lien;

      (c) Filings. The Issuer has caused the delivery for filing of all
appropriate financing statements in the proper filing office in the appropriate
jurisdictions under applicable law in order to perfect the security interest in
the Collateral granted to the Indenture Trustee under the Indenture;

      (d) Accounts. The Receivables constitute "accounts" within the meaning of
the applicable UCC;

      (e) Conveyance of Collateral; Judgments and Tax Liens. Other than the
security interest granted to the Indenture Trustee pursuant to the Indenture,
the Issuer has not pledged, assigned, sold, granted a security interest in, or
otherwise conveyed any of the Collateral. The Issuer has not authorized the
filing of and is not aware of any financing statements against the Issuer that
include a description of collateral covering the Collateral, other than any
financing statement relating to the security interest granted to the Indenture
Trustee under the Indenture or that has been terminated. The Issuer is not aware
of any judgment or tax lien filings against the Collateral; and

      (f) Survival of Representations and Warranties. All representations,
warranties and agreements contained in this Section 8.07 shall remain operative
and in full force and effect and shall survive the consummation of the
transactions contemplated hereby.

                              [END OF ARTICLE VIII]

                                     - 53 -
<PAGE>

      IN WITNESS WHEREOF, the undersigned have caused this Indenture Supplement
to be duly executed and delivered by their respective duly authorized officers
on the day and year first above written.

                                         WILMINGTON TRUST COMPANY,
                                              as Owner Trustee of
                                         ADVANTA BUSINESS CARD MASTER TRUST

                                         By: /s/ Janel R. Havrilla
                                             ---------------------
                                         Name: Janel R. Havrilla
                                         Title: Financial Services Officer

                                         DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                              as Indenture Trustee

                                         By: /s/ Peter T. Becker
                                             -------------------
                                         Name: Peter T. Becker
                                         Title: Vice President

Acknowledged and Accepted:

ADVANTA BANK CORP.,
     as Servicer

By: /s/ Michael Coco
    ----------------------------------
Name: Michael Coco
Title: Vice President and Treasurer

ADVANTA BUSINESS RECEIVABLES CORP.,
     as Transferor

By: /s/ Michael Coco
    ----------------------------------
Name: Michael Coco
Title: President

             [Signature Page to AdvantaSeries Indenture Supplement]

<PAGE>

                                                                     EXHIBIT A-1

                 [FORM OF] CLASS A(200[o]-[o]) ASSET BACKED NOTE

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

      THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT
IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE ISSUER OR THE TRANSFEROR, OR JOIN
IN INSTITUTING AGAINST THE ISSUER OR THE TRANSFEROR, ANY BANKRUPTCY,
REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDINGS, OR OTHER
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW.

      THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A
BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS FOR
APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR
PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY, INCOME.

                                 Exhibit A-1 - 1

<PAGE>

REGISTERED                                                          up to $____*
No. ____                                                          CUSIP NO. ____

                       ADVANTA BUSINESS CARD MASTER TRUST

               ADVANTASERIES CLASS A(200[o]-[o]) ASSET BACKED NOTE

      Wilmington Trust Company, as Owner Trustee of Advanta Business Card Master
Trust (herein referred to as the "Issuer" or the "Trust"), a Delaware common law
trust governed by a Trust Agreement dated as of August 1, 2000, for value
received, hereby promises to pay to CEDE & CO., or registered assigns, subject
to the following provisions, the principal sum of ____, or such greater or
lesser amount as determined in accordance with the Indenture, payable on the
__________ Payment Date (the "Expected Final Principal Payment Date"), except as
otherwise provided below or in the Indenture, provided, however, that the entire
unpaid principal amount of this Note shall be due and payable on the __________
Payment Date (the "Final Maturity Date"). The Issuer will pay interest on the
unpaid principal amount of this Note at the Class A(200[o]-[o]) Note Interest
Rate on each Interest Payment Date until the principal amount of this Note is
paid in full, as more specifically described in the Class A(200[o]-[o]) Terms
Document dated as of ____ __, 200_ (the "Terms Document"), between the Issuer
and the Indenture Trustee. Interest on this Note will accrue for each Interest
Payment Date from and including the most recent Interest Payment Date on which
interest has been paid to but excluding such Interest Payment Date or, for the
first Interest Payment Date, from and including the Closing Date to but
excluding ____________ Interest Payment Date. Interest will be computed on the
basis of a 360-day year [of twelve 30-day months] [and the actual number of days
elapsed]. Principal of and interest on this Note shall be paid in the manner
specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.

      Reference is made to the further provisions of this Note set forth on the
reverse hereof, which shall have the same effect as though fully set forth on
the face of this Note.

      Unless the certificate of authentication hereon has been executed by or on
behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture referred to on the reverse hereof,
or be valid for any purpose.

----------
*     Denominations of $5,000 and integral multiples of $1,000 in excess
      thereof.

                                 Exhibit A-1 - 2

<PAGE>

         IN WITNESS WHEREOF, the Issuer has caused this Class A Note to be duly
executed.

                                            WILMINGTON TRUST COMPANY,
                                                 as Owner Trustee of
                                            ADVANTA BUSINESS CARD MASTER TRUST

                                            By:_________________________________
                                            Name:
                                            Title:

Dated:

                                 Exhibit A-1 - 3

<PAGE>

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Class A Notes described in the within-mentioned Indenture.

                                            DEUTSCHE BANK TRUST COMPANY
                                            AMERICAS, not in its individual
                                            capacity, but solely as Indenture
                                            Trustee

                                            By:_________________________________
                                                    Authorized Signatory

Dated:

                                 Exhibit A-1 - 4

<PAGE>

                       ADVANTA BUSINESS CARD MASTER TRUST

                     ADVANTASERIES CLASS A(200[o]-[o]) NOTE

                         Summary of Terms and Conditions

      This AdvantaSeries Class A(200[o]-[o]) Note is one of a duly authorized
issue of Notes of the Issuer, designated as Advanta Business Card Master Trust,
AdvantaSeries, issued under a Master Indenture dated as of August 1, 2000 (the
"MASTER INDENTURE"), between the Issuer and Deutsche Bank Trust Company Americas
(formerly known as Bankers Trust Company), as indenture trustee (the "INDENTURE
TRUSTEE"), as supplemented by the AdvantaSeries Indenture Supplement dated as of
November 1, 2004 (the "INDENTURE SUPPLEMENT") and the Terms Document (the Master
Indenture, the Indenture Supplement and the Terms Document collectively, the
"INDENTURE"), and representing the right to receive certain payments from the
Issuer. The Notes are subject to all of the terms of the Indenture. All terms
used in this Note that are defined in the Indenture shall have the meanings
assigned to them in or pursuant to the Indenture, as supplemented or amended. In
the event of any conflict or inconsistency between the Indenture and this Note,
the Indenture shall control.

      The Class B Notes, the Class C Notes and the Class D Notes will also be
issued under the Master Indenture and the Indenture Supplement.

      The Notes are and will be ratably secured by the collateral pledged as
security therefore as provided in the Indenture.

      The Noteholder, by its acceptance of this Note, agrees that it will look
solely to the property of the Trust allocated to the payment of this Note for
payment hereunder and that the Indenture Trustee is not liable to the
Noteholders for any amount payable under the Note or the Indenture or, except as
expressly provided in the Indenture, subject to any liability under the
Indenture.

      This Note does not purport to summarize the Indenture and reference is
made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and
immunities of the Indenture Trustee.

      Principal of the Notes is expected to be paid on the Expected Final
Principal Payment Date in an amount described on the face hereof. The Expected
Final Principal Payment Date is the __________ Payment Date, but principal with
respect to this Class A(200[o]-[o]) Note may be paid earlier or later under
certain circumstances described in the Indenture. As described above, the entire
unpaid principal amount of this Note shall be due and payable on the Final
Maturity Date.

      Subject to the terms and conditions of the Indenture, the Transferor may,
from time to time, direct the Owner Trustee, on behalf of the Trust, to issue
one or more new Series, Classes or Tranches of Notes.

      On each Payment Date, the Paying Agent shall distribute to each Class A
Noteholder of record on the related Record Date (except for the final payment in
respect of this Class A(200[o]-

                                 Exhibit A-1 - 5

<PAGE>

[o]) Note) such Class A Noteholder's pro rata share of the amounts held by the
Paying Agent that are allocated and available on such Payment Date to pay
interest and principal on the Class A Notes pursuant to the Indenture. Except as
provided in the Indenture with respect to a final payment, payments to
Noteholders shall be made by (i) check mailed to each Noteholder (at such
Noteholder's address as it appears in the Note Register), except that with
respect to any Notes registered in the name of the nominee of a Clearing Agency,
such payment shall be made in immediately available funds and (ii) without
presentation or surrender of any Note or the making of any notation thereon.
Final payment of this Class A(200[o]-[o]) Note will be made only upon
presentation and surrender of this Class A(200[o]-[o]) Note at the office or
agency specified in the notice of final payment delivered by the Indenture
Trustee to the Noteholders in accordance with the Indenture.

      On any day occurring on or after the date on which the Outstanding
Principal Balance of a Class or a Tranche of the Notes is reduced to 10% or less
of the highest Outstanding Principal Balance, the Servicer shall have the option
to redeem such Class or Tranche of the Notes, at a purchase price equal to 100%
of the outstanding principal amount of such Tranche, plus accrued, unpaid and
additional interest on such Tranche to but excluding the date of redemption,
except as otherwise provided in Section 7.01 of the Indenture Supplement.

      THIS CLASS A(200[o]-[o]) NOTE DOES NOT REPRESENT AN OBLIGATION OF, OR AN
INTEREST IN, THE TRANSFEROR, ADVANTA BANK CORP., ADVANTA CORP., OR ANY AFFILIATE
OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

      Each Noteholder, by accepting a Note, hereby covenants and agrees that it
will not at any time institute against the Issuer or the Transferor, or join in
instituting against the Issuer or the Transferor, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States federal or state bankruptcy or similar law.

      Except as otherwise provided in the Indenture, the Class A Notes are
issuable only in minimum denominations of $5,000 and integral multiples of
$1,000. The transfer of this Class A(200[o]-[o]) Note shall be registered in the
Note Register upon surrender of this Class A(200[o]-[o]) Note for registration
of transfer at any office or agency maintained by the Transfer Agent and
Registrar accompanied by a written instrument of transfer, in a form
satisfactory to the Indenture Trustee or the Transfer Agent and Registrar, duly
executed by the Class A Noteholder or such Class A Noteholder's attorney, and
duly authorized in writing with such signature guaranteed, and thereupon one or
more new Class A Notes in any authorized denominations of like aggregate
principal amount will be issued to the designated transferee or transferees.

      As provided in the Indenture and subject to certain limitations therein
set forth, Class A Notes are exchangeable for new Class A Notes in any
authorized denominations and of like aggregate principal amount, upon surrender
of such Notes to be exchanged at the office or agency of the Transfer Agent and
Registrar. No service charge may be imposed for any such exchange but the Issuer
or Transfer Agent and Registrar may require payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in connection
therewith.

                                 Exhibit A-1 - 6

<PAGE>

      The Issuer, the Transferor, the Indenture Trustee and any agent of the
Issuer, the Transferor or the Indenture Trustee shall treat the person in whose
name this Class A(200[o]-[o]) Note is registered as the owner hereof for all
purposes, and neither the Issuer, the Transferor, the Indenture Trustee nor any
agent of the Issuer, the Transferor or the Indenture Trustee shall be affected
by notice to the contrary.

      The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing more
than 50% of the Outstanding Amount of each affected Series. The Indenture also
contains provisions permitting the Holders of Notes representing specified
percentages of the Outstanding Amount of the Notes, and specified percentages of
the Outstanding Principal Balance of the Class A Notes, on behalf of the Holders
of all the Notes, or on behalf of all the Class A Notes, as the case may be, to
waive compliance by the Issuer with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Note (or any one of more Predecessor
Notes) shall be conclusive and binding upon such Holder and upon all future
Holders of this Note and of any Note issued upon the registration of transfer
hereof or in exchange hereof or in lieu hereof whether or not notation of such
consent or waiver is made upon this Note. The Indenture also permits the
Indenture Trustee to amend or waive certain terms and conditions set forth in
the Indenture without the consent of Holders of the Notes issued thereunder.

      The term "Issuer" as used in this Note includes any successor to the
Issuer under the Indenture.

      The Issuer is permitted by the Indenture, under certain circumstances, to
merge or consolidate, subject to the rights of the Indenture Trustee and the
Holders of Notes under the Indenture.

      The Notes are issuable only in registered form in denominations as
provided in the Indenture, subject to certain limitations therein set forth.

      THIS CLASS A(200[o]-[o]) NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAWS
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                                 Exhibit A-1 - 7

<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee ________________________

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto ______________________________ (name and address of assignee) the within
certificate and all rights thereunder, and hereby irrevocably constitutes and
appoints ____________________, attorney, to transfer said certificate on the
books kept for registration thereof, with full power of substitution in the
premises.

Dated:__________                                  _________________________**
                                                      Signature Guaranteed

----------
** The signature to this assignment must correspond with the name of the
registered owner as it appears on the face of the within Note in every
particular, without alteration, enlargement or any change whatsoever.

                                 Exhibit A-1 - 8

<PAGE>

                                                                     EXHIBIT A-2

                 [FORM OF] CLASS B(200[o]-[o]) ASSET BACKED NOTE

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

      THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT
IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE ISSUER OR THE TRANSFEROR, OR JOIN
IN INSTITUTING AGAINST THE ISSUER OR THE TRANSFEROR, ANY BANKRUPTCY,
REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDINGS, OR OTHER
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW.

      THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A
BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS FOR
APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR
PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY, INCOME.

                                 Exhibit A-2 - 1

<PAGE>

REGISTERED                                                       up to $_______*
No. _______                                                    CUSIP NO. _______

                       ADVANTA BUSINESS CARD MASTER TRUST

               ADVANTASERIES CLASS B(200[o]-[o]) ASSET BACKED NOTE

      Wilmington Trust Company, as Owner Trustee of Advanta Business Card Master
Trust (herein referred to as the "Issuer" or the "Trust"), a Delaware common law
trust governed by a Trust Agreement dated as of August 1, 2000, for value
received, hereby promises to pay to CEDE & CO., or registered assigns, subject
to the following provisions, the principal sum of _______, or such greater or
lesser amount as determined in accordance with the Indenture, payable on the
_______ Payment Date (the "Expected Final Principal Payment Date"), except as
otherwise provided below or in the Indenture, provided, however, that the entire
unpaid principal amount of this Note shall be due and payable on the _______
Payment Date (the "Final Maturity Date"). The Issuer will pay interest on the
unpaid principal amount of this Note at the Class B(200[o]-[o]) Note Interest
Rate on each Interest Payment Date until the principal amount of this Note is
paid in full, as more specifically described in the Class B(200[o]-[o]) Terms
Document dated as of ____ __, 200_ (the "Terms Document"), between the Issuer
and the Indenture Trustee. Interest on this Note will accrue for each Interest
Payment Date from and including the most recent Interest Payment Date on which
interest has been paid to but excluding such Interest Payment Date or, for the
first Interest Payment Date, from and including the Closing Date to but
excluding _________ Interest Payment Date. Interest will be computed on the
basis of a 360-day year [of twelve 30-day months] [and the actual number of days
elapsed]. Principal of and interest on this Note shall be paid in the manner
specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.

      Reference is made to the further provisions of this Note set forth on the
reverse hereof, which shall have the same effect as though fully set forth on
the face of this Note.

      Unless the certificate of authentication hereon has been executed by or on
behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture referred to on the reverse hereof,
or be valid for any purpose.

      THIS CLASS B(200[o]-[o]) NOTE IS SUBORDINATED TO THE EXTENT NECESSARY TO
FUND PAYMENTS ON THE CLASS A NOTES TO THE EXTENT SPECIFIED IN THE INDENTURE
SUPPLEMENT.

----------
* Denominations of $5,000 and integral multiples of $1,000 in excess thereof.

                                 Exhibit A-2 - 2

<PAGE>

      IN WITNESS WHEREOF, the Issuer has caused this Class B Note to be duly
executed.

                                            WILMINGTON TRUST COMPANY,
                                                 as Owner Trustee of
                                            ADVANTA BUSINESS CARD MASTER TRUST

                                            By:_________________________________
                                            Name:
                                            Title:

Dated: __________

                                 Exhibit A-2 - 3

<PAGE>

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Class B Notes described in the within-mentioned Indenture.

                                           DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                           not in its individual capacity,
                                           but solely as Indenture Trustee

                                           By:_________________________________
                                                   Authorized Signatory

Dated:

                                 Exhibit A-2 - 4

<PAGE>

                       ADVANTA BUSINESS CARD MASTER TRUST

                     ADVANTASERIES CLASS B(200[o]-[o]) NOTE

                         Summary of Terms and Conditions

      This AdvantaSeries Class B(200[o]-[o]) Note is one of a duly authorized
issue of Notes of the Issuer, designated as Advanta Business Card Master Trust,
AdvantaSeries, issued under a Master Indenture dated as of August 1, 2000 (the
"MASTER INDENTURE"), between the Issuer and Deutsche Bank Trust Company Americas
(formerly known as Bankers Trust Company), as indenture trustee (the "INDENTURE
TRUSTEE"), as supplemented by the AdvantaSeries Indenture Supplement dated as of
November 1, 2004 (the "INDENTURE SUPPLEMENT") and the Terms Document (the Master
Indenture, the Indenture Supplement and the Terms Document collectively, the
"INDENTURE"), and representing the right to receive certain payments from the
Issuer. The Notes are subject to all of the terms of the Indenture. All terms
used in this Note that are defined in the Indenture shall have the meanings
assigned to them in or pursuant to the Indenture, as supplemented or amended. In
the event of any conflict or inconsistency between the Indenture and this Note,
the Indenture shall control.

      The Class A Notes, the Class C Notes and the Class D Notes will also be
issued under the Master Indenture and the Indenture Supplement.

      The Notes are and will be ratably secured by the collateral pledged as
security therefore as provided in the Indenture.

      The Noteholder, by its acceptance of this Note, agrees that it will look
solely to the property of the Trust allocated to the payment of this Note for
payment hereunder and that the Indenture Trustee is not liable to the
Noteholders for any amount payable under the Note or the Indenture or, except as
expressly provided in the Indenture, subject to any liability under the
Indenture.

      This Note does not purport to summarize the Indenture and reference is
made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and
immunities of the Indenture Trustee.

      Principal of the Notes is expected to be paid on the Expected Final
Principal Payment Date in an amount described on the face hereof. The Expected
Final Principal Payment Date is the _________ Payment Date, but principal with
respect to this Class B(200[o]-[o]) Note may be paid earlier or later under
certain circumstances described in the Indenture. As described above, the entire
unpaid principal amount of this Note shall be due and payable on the Final
Maturity Date.

      Subject to the terms and conditions of the Indenture, the Transferor may,
from time to time, direct the Owner Trustee, on behalf of the Trust, to issue
one or more new Series, Classes or Tranches of Notes.

      On each Payment Date, the Paying Agent shall distribute to each Class B
Noteholder of record on the related Record Date (except for the final payment in
respect of this Class B(200[o]-

                                 Exhibit A-2 - 5

<PAGE>

[o]) Note) such Class B Noteholder's pro rata share of the amounts held by the
Paying Agent that are allocated and available on such Payment Date to pay
interest and principal on the Class B Notes pursuant to the Indenture. Except as
provided in the Indenture with respect to a final payment, payments to
Noteholders shall be made by (i) check mailed to each Noteholder (at such
Noteholder's address as it appears in the Note Register), except that with
respect to any Notes registered in the name of the nominee of a Clearing Agency,
such payment shall be made in immediately available funds and (ii) without
presentation or surrender of any Note or the making of any notation thereon.
Final payment of this Class B(200[o]-[o]) Note will be made only upon
presentation and surrender of this Class B(200[o]-[o]) Note at the office or
agency specified in the notice of final payment delivered by the Indenture
Trustee to the Noteholders in accordance with the Indenture.

      On any day occurring on or after the date on which the Outstanding
Principal Balance of a Class or a Tranche of the Notes is reduced to 10% or less
of the highest Outstanding Principal Balance, the Servicer shall have the option
to redeem such Class or Tranche of the Notes, at a purchase price equal to 100%
of the outstanding principal amount of such Tranche, plus accrued, unpaid and
additional interest on such Tranche to but excluding the date of redemption,
except as otherwise provided in Section 7.01 of the Indenture Supplement.

      THIS CLASS B(200[o]-[o]) NOTE DOES NOT REPRESENT AN OBLIGATION OF, OR AN
INTEREST IN, THE TRANSFEROR, ADVANTA BANK CORP., ADVANTA CORP., OR ANY AFFILIATE
OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

      Each Noteholder, by accepting a Note, hereby covenants and agrees that it
will not at any time institute against the Issuer or the Transferor, or join in
instituting against the Issuer or the Transferor, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States federal or state bankruptcy or similar law.

      Except as otherwise provided in the Indenture, the Class B Notes are
issuable only in minimum denominations of $5,000 and integral multiples of
$1,000. The transfer of this Class B(200[o]-[o]) Note shall be registered in the
Note Register upon surrender of this Class B(200[o]-[o]) Note for registration
of transfer at any office or agency maintained by the Transfer Agent and
Registrar accompanied by a written instrument of transfer, in a form
satisfactory to the Indenture Trustee or the Transfer Agent and Registrar, duly
executed by the Class B Noteholder or such Class B Noteholder's attorney, and
duly authorized in writing with such signature guaranteed, and thereupon one or
more new Class B Notes in any authorized denominations of like aggregate
principal amount will be issued to the designated transferee or transferees.

      As provided in the Indenture and subject to certain limitations therein
set forth, Class B Notes are exchangeable for new Class B Notes in any
authorized denominations and of like aggregate principal amount, upon surrender
of such Notes to be exchanged at the office or agency of the Transfer Agent and
Registrar. No service charge may be imposed for any such exchange but the Issuer
or Transfer Agent and Registrar may require payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in connection
therewith.

                                 Exhibit A-2 - 6

<PAGE>

      The Issuer, the Transferor, the Indenture Trustee and any agent of the
Issuer, the Transferor or the Indenture Trustee shall treat the person in whose
name this Class B(200[o]-[o]) Note is registered as the owner hereof for all
purposes, and neither the Issuer, the Transferor, the Indenture Trustee nor any
agent of the Issuer, the Transferor or the Indenture Trustee shall be affected
by notice to the contrary.

      The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing more
than 50% of the Outstanding Amount of each affected Series. The Indenture also
contains provisions permitting the Holders of Notes representing specified
percentages of the Outstanding Amount of the Notes, and specified percentages of
the Outstanding Principal Balance of the Class B Notes, on behalf of the Holders
of all the Notes, or on behalf of all the Class B Notes, as the case may be, to
waive compliance by the Issuer with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Note (or any one of more Predecessor
Notes) shall be conclusive and binding upon such Holder and upon all future
Holders of this Note and of any Note issued upon the registration of transfer
hereof or in exchange hereof or in lieu hereof whether or not notation of such
consent or waiver is made upon this Note. The Indenture also permits the
Indenture Trustee to amend or waive certain terms and conditions set forth in
the Indenture without the consent of Holders of the Notes issued thereunder.

      The term "Issuer" as used in this Note includes any successor to the
Issuer under the Indenture.

      The Issuer is permitted by the Indenture, under certain circumstances, to
merge or consolidate, subject to the rights of the Indenture Trustee and the
Holders of Notes under the Indenture.

      The Notes are issuable only in registered form in denominations as
provided in the Indenture, subject to certain limitations therein set forth.

      THIS CLASS B(200[o]-[o]) NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAWS
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                                 Exhibit A-2 - 7

<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee ________________________

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto ______________________________ (name and address of assignee) the within
certificate and all rights thereunder, and hereby irrevocably constitutes and
appoints ____________________, attorney, to transfer said certificate on the
books kept for registration thereof, with full power of substitution in the
premises.

Dated:__________                              _________________________**
                                                Signature Guaranteed

----------
** The signature to this assignment must correspond with the name of the
registered owner as it appears on the face of the within Note in every
particular, without alteration, enlargement or any change whatsoever.

                                 Exhibit A-2 - 8

<PAGE>

                                                                     EXHIBIT A-3

                 [FORM OF] CLASS C(200[o]-[o]) ASSET BACKED NOTE

      UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO
SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.

      THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT
IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE ISSUER OR THE TRANSFEROR, OR JOIN
IN INSTITUTING AGAINST THE ISSUER OR THE TRANSFEROR, ANY BANKRUPTCY,
REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDINGS, OR OTHER
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW.

      THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH HOLDER OF A
BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS FOR
APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR
PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY, INCOME.

                                 Exhibit A-3 - 1

<PAGE>

REGISTERED                                                       up to $_______*
No. _______                                                    CUSIP NO. _______

                       ADVANTA BUSINESS CARD MASTER TRUST

               ADVANTASERIES CLASS C(200[o]-[o]) ASSET BACKED NOTE

      Wilmington Trust Company, as Owner Trustee of Advanta Business Card Master
Trust (herein referred to as the "Issuer" or the "Trust"), a Delaware common law
trust governed by a Trust Agreement dated as of August 1, 2000, for value
received, hereby promises to pay to CEDE & CO., or registered assigns, subject
to the following provisions, the principal sum of _______, or such greater or
lesser amount as determined in accordance with the Indenture, payable on the
_______ Payment Date (the "Expected Final Principal Payment Date"), except as
otherwise provided below or in the Indenture, provided, however, that the entire
unpaid principal amount of this Note shall be due and payable on the _______
Payment Date (the "Final Maturity Date"). The Issuer will pay interest on the
unpaid principal amount of this Note at the Class C(200[o]-[o]) Note Interest
Rate on each Interest Payment Date until the principal amount of this Note is
paid in full, as more specifically described in the Class C(200[o]-[o]) Terms
Document dated as of ____ __, 200_ (the "Terms Document"), between the Issuer
and the Indenture Trustee. Interest on this Note will accrue for each Interest
Payment Date from and including the most recent Interest Payment Date on which
interest has been paid to but excluding such Interest Payment Date or, for the
first Interest Payment Date, from and including the Closing Date to but
excluding __________ Interest Payment Date. Interest will be computed on the
basis of a 360-day year [of twelve 30-day months] [and the actual number of days
elapsed]. Principal of and interest on this Note shall be paid in the manner
specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.

      Reference is made to the further provisions of this Note set forth on the
reverse hereof, which shall have the same effect as though fully set forth on
the face of this Note.

      Unless the certificate of authentication hereon has been executed by or on
behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture referred to on the reverse hereof,
or be valid for any purpose.

      THIS CLASS C(200[o]-[o]) NOTE IS SUBORDINATED TO THE EXTENT NECESSARY TO
FUND PAYMENTS ON THE CLASS A AND THE CLASS B NOTES TO THE EXTENT SPECIFIED IN
THE INDENTURE SUPPLEMENT.

----------
* Denominations of $5,000 and integral multiples of $1,000 in excess thereof.

                                 Exhibit A-3 - 2

<PAGE>

      IN WITNESS WHEREOF, the Issuer has caused this Class C Note to be duly
executed.

                                            WILMINGTON TRUST COMPANY,
                                                 as Owner Trustee of
                                            ADVANTA BUSINESS CARD MASTER TRUST

                                            By:_________________________________
                                            Name:
                                            Title:

Dated:

                                 Exhibit A-3 - 3

<PAGE>

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Class C Notes described in the within-mentioned Indenture.

                                           DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                           not in its individual capacity,
                                           but solely as Indenture Trustee

                                           By:_________________________________
                                                   Authorized Signatory

Dated:

                                 Exhibit A-3 - 4

<PAGE>

                       ADVANTA BUSINESS CARD MASTER TRUST

                     ADVANTASERIES CLASS C(200[o]-[o]) NOTE

                         Summary of Terms and Conditions

      This AdvantaSeries Class C(200[o]-[o]) Note is one of a duly authorized
issue of Notes of the Issuer, designated as Advanta Business Card Master Trust,
AdvantaSeries, issued under a Master Indenture dated as of August 1, 2000 (the
"MASTER INDENTURE"), between the Issuer and Deutsche Bank Trust Company Americas
(formerly known as Bankers Trust Company), as indenture trustee (the "INDENTURE
TRUSTEE"), as supplemented by the AdvantaSeries Indenture Supplement dated as of
November 1, 2004 (the "INDENTURE SUPPLEMENT") and the Terms Document (the Master
Indenture, the Indenture Supplement and the Terms Document collectively, the
"INDENTURE"), and representing the right to receive certain payments from the
Issuer. The Notes are subject to all of the terms of the Indenture. All terms
used in this Note that are defined in the Indenture shall have the meanings
assigned to them in or pursuant to the Indenture, as supplemented or amended. In
the event of any conflict or inconsistency between the Indenture and this Note,
the Indenture shall control.

      The Class A Notes, the Class B Notes and the Class D Notes will also be
issued under the Master Indenture and the Indenture Supplement.

      The Notes are and will be ratably secured by the collateral pledged as
security therefore as provided in the Indenture.

      The Noteholder, by its acceptance of this Note, agrees that it will look
solely to the property of the Trust allocated to the payment of this Note for
payment hereunder and that the Indenture Trustee is not liable to the
Noteholders for any amount payable under the Note or the Indenture or, except as
expressly provided in the Indenture, subject to any liability under the
Indenture.

      This Note does not purport to summarize the Indenture and reference is
made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and
immunities of the Indenture Trustee.

      Principal of the Notes is expected to be paid on the Expected Final
Principal Payment Date in an amount described on the face hereof. The Expected
Final Principal Payment Date is the _________ Payment Date, but principal with
respect to this Class C(200[o]-[o]) Note may be paid earlier or later under
certain circumstances described in the Indenture. As described above, the entire
unpaid principal amount of this Note shall be due and payable on the Final
Maturity Date.

      Subject to the terms and conditions of the Indenture, the Transferor may,
from time to time, direct the Owner Trustee, on behalf of the Trust, to issue
one or more new Series, Classes or Tranches of Notes.

      On each Payment Date, the Paying Agent shall distribute to each Class C
Noteholder of record on the related Record Date (except for the final payment in
respect of this Class C(200[o]-

                                 Exhibit A-3 - 5

<PAGE>

[o]) Note) such Class C Noteholder's pro rata share of the amounts held by the
Paying Agent that are allocated and available on such Payment Date to pay
interest and principal on the Class C Notes pursuant to the Indenture. Except as
provided in the Indenture with respect to a final payment, payments to
Noteholders shall be made by (i) check mailed to each Noteholder (at such
Noteholder's address as it appears in the Note Register), except that with
respect to any Notes registered in the name of the nominee of a Clearing Agency,
such payment shall be made in immediately available funds and (ii) without
presentation or surrender of any Note or the making of any notation thereon.
Final payment of this Class C(200[o]-[o]) Note will be made only upon
presentation and surrender of this Class C(200[o]-[o]) Note at the office or
agency specified in the notice of final payment delivered by the Indenture
Trustee to the Noteholders in accordance with the Indenture.

      On any day occurring on or after the date on which the Outstanding
Principal Balance of a Class or a Tranche of the Notes is reduced to 10% or less
of the highest Outstanding Principal Balance, the Servicer shall have the option
to redeem such Class or Tranche of the Notes, at a purchase price equal to 100%
of the outstanding principal amount of such Tranche, plus accrued, unpaid and
additional interest on such Tranche to but excluding the date of redemption,
except as otherwise provided in Section 7.01 of the Indenture Supplement.

      THIS CLASS C(200[o]-[o]) NOTE DOES NOT REPRESENT AN OBLIGATION OF, OR AN
INTEREST IN, THE TRANSFEROR, ADVANTA BANK CORP., ADVANTA CORP., OR ANY AFFILIATE
OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

      Each Noteholder, by accepting a Note, hereby covenants and agrees that it
will not at any time institute against the Issuer or the Transferor, or join in
instituting against the Issuer or the Transferor, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States federal or state bankruptcy or similar law.

      Except as otherwise provided in the Indenture, the Class C Notes are
issuable only in minimum denominations of $5,000 and integral multiples of
$1,000. The transfer of this Class C(200[o]-[o]) Note shall be registered in the
Note Register upon surrender of this Class C(200[o]-[o]) Note for registration
of transfer at any office or agency maintained by the Transfer Agent and
Registrar accompanied by a written instrument of transfer, in a form
satisfactory to the Indenture Trustee or the Transfer Agent and Registrar, duly
executed by the Class C Noteholder or such Class C Noteholder's attorney, and
duly authorized in writing with such signature guaranteed, and thereupon one or
more new Class C Notes in any authorized denominations of like aggregate
principal amount will be issued to the designated transferee or transferees.

      As provided in the Indenture and subject to certain limitations therein
set forth, Class C Notes are exchangeable for new Class C Notes in any
authorized denominations and of like aggregate principal amount, upon surrender
of such Notes to be exchanged at the office or agency of the Transfer Agent and
Registrar. No service charge may be imposed for any such exchange but the Issuer
or Transfer Agent and Registrar may require payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in connection
therewith.

                                 Exhibit A-3 - 6

<PAGE>

      The Issuer, the Transferor, the Indenture Trustee and any agent of the
Issuer, the Transferor or the Indenture Trustee shall treat the person in whose
name this Class C(200[o]-[o]) Note is registered as the owner hereof for all
purposes, and neither the Issuer, the Transferor, the Indenture Trustee nor any
agent of the Issuer, the Transferor or the Indenture Trustee shall be affected
by notice to the contrary.

      The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing more
than 50% of the Outstanding Amount of each affected Series. The Indenture also
contains provisions permitting the Holders of Notes representing specified
percentages of the Outstanding Amount of the Notes, and specified percentages of
the Outstanding Principal Balance of the Class C Notes, on behalf of the Holders
of all the Notes, or on behalf of all the Class C Notes, as the case may be, to
waive compliance by the Issuer with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Note (or any one of more Predecessor
Notes) shall be conclusive and binding upon such Holder and upon all future
Holders of this Note and of any Note issued upon the registration of transfer
hereof or in exchange hereof or in lieu hereof whether or not notation of such
consent or waiver is made upon this Note. The Indenture also permits the
Indenture Trustee to amend or waive certain terms and conditions set forth in
the Indenture without the consent of Holders of the Notes issued thereunder.

      The term "Issuer" as used in this Note includes any successor to the
Issuer under the Indenture.

      The Issuer is permitted by the Indenture, under certain circumstances, to
merge or consolidate, subject to the rights of the Indenture Trustee and the
Holders of Notes under the Indenture.

      The Notes are issuable only in registered form in denominations as
provided in the Indenture, subject to certain limitations therein set forth.

      THIS CLASS C(200[o]-[o]) NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAWS
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                                 Exhibit A-3 - 7

<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee ________________________

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto ______________________________ (name and address of assignee) the within
certificate and all rights thereunder, and hereby irrevocably constitutes and
appoints ____________________, attorney, to transfer said certificate on the
books kept for registration thereof, with full power of substitution in the
premises.

Dated:__________                              _________________________**
                                                Signature Guaranteed

----------
      ** The signature to this assignment must correspond with the name of the
registered owner as it appears on the face of the within Note in every
particular, without alteration, enlargement or any change whatsoever.

                                 Exhibit A-3 - 8

<PAGE>

                                                                     EXHIBIT A-4

                 [FORM OF] CLASS D(200[o]-[o]) ASSET BACKED NOTE

      THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT
IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE ISSUER OR THE TRANSFEROR, OR JOIN
IN INSTITUTING AGAINST THE ISSUER OR THE TRANSFEROR, ANY BANKRUPTCY,
REORGANIZATION, ARRANGEMENT, INSOLVENCY OR LIQUIDATION PROCEEDINGS, OR OTHER
PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE BANKRUPTCY OR SIMILAR LAW.

      THE HOLDER OF THIS CLASS D NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH
HOLDER OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE CLASS D NOTES AS
INDEBTEDNESS FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX
LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY, INCOME.

      THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS NOTE, AGREES THAT THIS
NOTE, OR ANY INTEREST OR PARTICIPATION HEREIN, MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER
APPLICABLE LAWS AND ONLY (1) TO THE ISSUER OR ITS AFFILIATES OR (2) PURSUANT TO
RULE 144A UNDER THE SECURITIES ACT TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A
UNDER THE SECURITIES ACT (A "QIB") PURCHASING FOR ITS OWN ACCOUNT OR A QIB
PURCHASING FOR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE,
THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON
RULE 144A UNDER THE SECURITIES ACT. THIS SECURITY WILL NOT BE ACCEPTED FOR
REGISTRATION OF TRANSFER EXCEPT UPON PRESENTATION OF EVIDENCE SATISFACTORY TO
THE TRANSFER AGENT AND REGISTRAR THAT THE RESTRICTIONS ON TRANSFER SET FORTH IN
THE MASTER INDENTURE AND THE RELATED TERMS DOCUMENT HAVE BEEN COMPLIED WITH.
THIS NOTE MAY NOT BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHOUT
THE PRIOR WRITTEN CONSENT OF THE TRANSFEROR AND UNLESS AND UNTIL THE INDENTURE
TRUSTEE, THE TRANSFEROR AND THE SERVICER SHALL HAVE RECEIVED THE CERTIFICATIONS
REQUIRED BY THE MASTER INDENTURE AND THE RELATED TERMS DOCUMENT.

      THE CLASS D NOTES ARE ALSO SUBJECT TO RESTRICTIONS ON THE PURCHASE,
OWNERSHIP AND DISPOSITION OF SUCH SECURITIES, INCLUDING THE CONSENT OF THE
TRANSFEROR AND THE DELIVERY OF AN INVESTMENT LETTER. SUCH RESTRICTIONS ARE SET
FORTH IN THE MASTER INDENTURE AND THE RELATED TERMS DOCUMENT, COPIES OF WHICH
ARE AVAILABLE FROM THE INDENTURE TRUSTEE.

                                 Exhibit A-4 - 1

<PAGE>

      THIS CLASS D NOTE MAY NOT BE SOLD OR TRANSFERRED TO ANY PLAN THAT IS
SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED
("ERISA") OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE
"CODE"), TO ANY PERSON ACTING ON BEHALF OF OR WITH "PLAN ASSETS" OF ANY SUCH
PLAN, OR TO ANY OTHER "BENEFIT PLAN INVESTOR" (AS DEFINED IN UNITED STATES
DEPARTMENT OF LABOR REGULATION SECTION 2510.3-101(f)(2)), INCLUDING AN INSURANCE
COMPANY GENERAL ACCOUNT, EXCEPT IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE RELATED TERMS DOCUMENT.

      THIS CLASS D NOTE MAY NOT BE ACQUIRED, SOLD, TRADED OR TRANSFERRED, NOR
MAY AN INTEREST IN THIS CLASS D NOTE BE MARKETED, ON OR THROUGH (I) AN
"ESTABLISHED SECURITIES MARKET" WITHIN THE MEANING OF SECTION 7704(b)(1) OF THE
CODE AND ANY TREASURY REGULATION THEREUNDER, INCLUDING, WITHOUT LIMITATION, AN
OVER THE-COUNTER-MARKET OR AN INTERDEALER QUOTATION SYSTEM THAT REGULARLY
DISSEMINATES FIRM BUY OR SELL QUOTATIONS OR (II) A "SECONDARY MARKET (OR THE
SUBSTANTIAL EQUIVALENT THEREOF)" WITHIN THE MEANING OF SECTION 7704(b)(2) OF THE
CODE AND ANY TREASURY REGULATION THEREUNDER, INCLUDING A MARKET WHEREIN
INTERESTS IN THE CLASS D NOTES ARE REGULARLY QUOTED BY ANY PERSON MAKING A
MARKET IN SUCH INTERESTS AND A MARKET WHEREIN ANY PERSON REGULARLY MAKES
AVAILABLE BID OR OFFER QUOTES WITH RESPECT TO INTERESTS IN THE CLASS D NOTES AND
STANDS READY TO EFFECT BUY OR SELL TRANSACTIONS AT THE QUOTED PRICES FOR ITSELF
OR ON BEHALF OF OTHERS.

      BEFORE PURCHASING THIS NOTE, PURCHASERS SHOULD CONSULT COUNSEL WITH
RESPECT TO THE AVAILABILITY AND CONDITIONS OF EXEMPTION FROM THE RESTRICTION ON
RESALE OR TRANSFER. NEITHER THE ISSUER NOR THE SELLER OF THIS NOTE HAS AGREED TO
REGISTER THIS NOTE UNDER THE SECURITIES ACT, TO QUALIFY THIS NOTE UNDER THE
SECURITIES LAWS OF ANY STATE OR JURISDICTION OR TO PROVIDE REGISTRATION RIGHTS
TO ANY PURCHASER.

      AS SET FORTH HEREIN, THE OUTSTANDING PRINCIPAL BALANCE OF THIS NOTE AT ANY
TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

                                 Exhibit A-4 - 2

<PAGE>

REGISTERED                                                      up to $________*
No. ____________

                       ADVANTA BUSINESS CARD MASTER TRUST

               ADVANTASERIES CLASS D(200[o]-[o]) ASSET BACKED NOTE

      Wilmington Trust Company, as Owner Trustee of Advanta Business Card Master
Trust (herein referred to as the "Issuer" or the "Trust"), a Delaware common law
trust governed by a Trust Agreement dated as of August 1, 2000, for value
received, hereby promises to pay to ____________, or registered assigns, subject
to the following provisions, the principal sum of ____________, or such greater
or lesser amount as determined in accordance with the Indenture, payable on the
____________ Payment Date (the "Expected Final Principal Payment Date"), except
as otherwise provided below or in the Indenture, provided, however, that the
entire unpaid principal amount of this Note shall be due and payable on the
____________ Payment Date (the "Final Maturity Date"). The Issuer will pay
interest on the unpaid principal amount of this Note at the Class D(200[o]-[o])
Note Interest Rate on each Interest Payment Date until the principal amount of
this Note is paid in full, as more specifically described in the Class
D(200[o]-[o]) Terms Document dated as of ____ __, 200_ (the "Terms Document"),
between the Issuer and the Indenture Trustee. Interest on this Note will accrue
for each Interest Payment Date from and including the most recent Interest
Payment Date on which interest has been paid to but excluding such Interest
Payment Date or, for the first Interest Payment Date, from and including the
Closing Date to but excluding ___________ Interest Payment Date. Interest will
be computed on the basis of a 360-day year [of twelve 30-day months] [and the
actual number of days elapsed]. Principal of and interest on this Note shall be
paid in the manner specified on the reverse hereof.

      The principal of and interest on this Note are payable in such coin or
currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.

      Reference is made to the further provisions of this Note set forth on the
reverse hereof, which shall have the same effect as though fully set forth on
the face of this Note.

      Unless the certificate of authentication hereon has been executed by or on
behalf of the Indenture Trustee, by manual signature, this Note shall not be
entitled to any benefit under the Indenture referred to on the reverse hereof,
or be valid for any purpose.

      THIS CLASS D(200[o]-[o]) NOTE IS SUBORDINATED TO THE EXTENT NECESSARY TO
FUND PAYMENTS ON THE CLASS A NOTES, CLASS B NOTES AND CLASS C NOTES TO THE
EXTENT SPECIFIED IN THE INDENTURE SUPPLEMENT.

----------
* Denominations of $500,000 and integral multiples of $500,000 in excess
thereof.

                                 Exhibit A-4 - 3

<PAGE>

      IN WITNESS WHEREOF, the Issuer has caused this Class D Note to be duly
executed.

                                            WILMINGTON TRUST COMPANY,
                                                 as Owner Trustee of
                                            ADVANTA BUSINESS CARD MASTER TRUST

                                            By:_________________________________
                                            Name:
                                            Title:

Dated:

                                 Exhibit A-4 - 4

<PAGE>

                INDENTURE TRUSTEE'S CERTIFICATE OF AUTHENTICATION

This is one of the Class D Notes described in the within-mentioned Indenture.

                                           DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                           not in its individual capacity,
                                           but solely as Indenture Trustee

                                           By:_________________________________
                                                     Authorized Signatory

Dated:

                                 Exhibit A-4 - 5

<PAGE>

                       ADVANTA BUSINESS CARD MASTER TRUST

                     ADVANTASERIES CLASS D(200[o]-[o]) NOTE

                         Summary of Terms and Conditions

      This AdvantaSeries Class D(200[o]-[o]) Note is one of a duly authorized
issue of Notes of the Issuer, designated as Advanta Business Card Master Trust,
AdvantaSeries, issued under a Master Indenture dated as of August 1, 2000 (the
"MASTER INDENTURE"), between the Issuer and Deutsche Bank Trust Company Americas
(formerly known as Bankers Trust Company), as indenture trustee (the "INDENTURE
TRUSTEE"), as supplemented by the AdvantaSeries Indenture Supplement dated as of
November 1, 2004 (the "INDENTURE SUPPLEMENT") and the Terms Document (the Master
Indenture, the Indenture Supplement and the Terms Document collectively, the
"INDENTURE"), and representing the right to receive certain payments from the
Issuer. The Notes are subject to all of the terms of the Indenture. All terms
used in this Note that are defined in the Indenture shall have the meanings
assigned to them in or pursuant to the Indenture, as supplemented or amended. In
the event of any conflict or inconsistency between the Indenture and this Note,
the Indenture shall control.

      The Class A Notes, the Class B Notes and the Class C Notes will also be
issued under the Master Indenture and the Indenture Supplement.

      The Notes are and will be ratably secured by the collateral pledged as
security therefore as provided in the Indenture.

      The Noteholder, by its acceptance of this Note, agrees that it will look
solely to the property of the Trust allocated to the payment of this Note for
payment hereunder and that the Indenture Trustee is not liable to the
Noteholders for any amount payable under the Note or the Indenture or, except as
expressly provided in the Indenture, subject to any liability under the
Indenture.

      This Note does not purport to summarize the Indenture and reference is
made to the Indenture for the interests, rights and limitations of rights,
benefits, obligations and duties evidenced thereby, and the rights, duties and
immunities of the Indenture Trustee.

      Principal of the Notes is expected to be paid on the Expected Final
Principal Payment Date in an amount described on the face hereof. The Expected
Final Principal Payment Date is the ______________ Payment Date, but principal
with respect to this Class D(200[o]-[o]) Note may be paid earlier or later under
certain circumstances described in the Indenture. As described above, the entire
unpaid principal amount of this Note shall be due and payable on the Final
Maturity Date.

      Subject to the terms and conditions of the Indenture, the Transferor may,
from time to time, direct the Owner Trustee, on behalf of the Trust, to issue
one or more new Series, Classes or Tranches of Notes.

      On each Payment Date, the Paying Agent shall distribute to each Class D
Noteholder of record on the related Record Date (except for the final payment in
respect of this Class D(200[o]-

                                 Exhibit A-4 - 6

<PAGE>

[o]) Note) such Class D Noteholder's pro rata share of the amounts held by the
Paying Agent that are allocated and available on such Payment Date to pay
interest and principal on the Class D Notes pursuant to the Indenture. Except as
provided in the Indenture with respect to a final payment, payments to
Noteholders shall be made by (i) check mailed to each Noteholder (at such
Noteholder's address as it appears in the Note Register), except that with
respect to any Notes registered in the name of the nominee of a Clearing Agency,
such payment shall be made in immediately available funds and (ii) without
presentation or surrender of any Note or the making of any notation thereon.
Final payment of this Class D(200[o]-[o]) Note will be made only upon
presentation and surrender of this Class D(200[o]-[o]) Note at the office or
agency specified in the notice of final payment delivered by the Indenture
Trustee to the Noteholders in accordance with the Indenture.

      On any day occurring on or after the date on which the Outstanding
Principal Balance of a Class or a Tranche of the Notes is reduced to 10% or less
of the highest Outstanding Principal Balance, the Servicer shall have the option
to redeem such Class or Tranche of the Notes, at a purchase price equal to 100%
of the outstanding principal amount of such Tranche, plus accrued, unpaid and
additional interest on such Tranche to but excluding the date of redemption,
except as otherwise provided in Section 7.01 of the Indenture Supplement.

      THIS CLASS D(200[o]-[o]) NOTE DOES NOT REPRESENT AN OBLIGATION OF, OR AN
INTEREST IN, THE TRANSFEROR, ADVANTA BANK CORP., ADVANTA CORP., OR ANY AFFILIATE
OF ANY OF THEM AND IS NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE
CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY.

      Each Noteholder, by accepting a Note, hereby covenants and agrees that it
will not at any time institute against the Issuer or the Transferor, or join in
instituting against the Issuer or the Transferor, any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceedings, or other
proceedings under any United States federal or state bankruptcy or similar law.

      Except as otherwise provided in the Indenture, the Class D Notes are
issuable only in minimum denominations of $500,000 and integral multiples of
$500,000. The transfer of this Class D(200[o]-[o]) Note shall be registered in
the Note Register upon surrender of this Class D(200[o]-[o]) Note for
registration of transfer at any office or agency maintained by the Transfer
Agent and Registrar accompanied by a written instrument of transfer, in a form
satisfactory to the Indenture Trustee or the Transfer Agent and Registrar, duly
executed by the Class D Noteholder or such Class D Noteholder's attorney, and
duly authorized in writing with such signature guaranteed, and thereupon one or
more new Class D Notes in any authorized denominations of like aggregate
principal amount will be issued to the designated transferee or transferees.

      As provided in the Indenture and subject to certain limitations therein
set forth, Class D Notes are exchangeable for new Class D Notes in any
authorized denominations and of like aggregate principal amount, upon surrender
of such Notes to be exchanged at the office or agency of the Transfer Agent and
Registrar. No service charge may be imposed for any such exchange but the Issuer
or Transfer Agent and Registrar may require payment of a sum sufficient to cover
any tax or other governmental charge that may be imposed in connection
therewith.

                                 Exhibit A-4 - 7

<PAGE>

      The Issuer, the Transferor, the Indenture Trustee and any agent of the
Issuer, the Transferor or the Indenture Trustee shall treat the person in whose
name this Class D(200[o]-[o]) Note is registered as the owner hereof for all
purposes, and neither the Issuer, the Transferor, the Indenture Trustee nor any
agent of the Issuer, the Transferor or the Indenture Trustee shall be affected
by notice to the contrary.

      The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Issuer and the rights of the Holders of the Notes under the Indenture at any
time by the Issuer with the consent of the Holders of Notes representing more
than 50% of the Outstanding Amount of each affected Series. The Indenture also
contains provisions permitting the Holders of Notes representing specified
percentages of the Outstanding Amount of the Notes, and specified percentages of
the Outstanding Principal Balance of the Class D Notes, on behalf of the Holders
of all the Notes, or on behalf of all the Class D Notes, as the case may be, to
waive compliance by the Issuer with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Note (or any one of more Predecessor
Notes) shall be conclusive and binding upon such Holder and upon all future
Holders of this Note and of any Note issued upon the registration of transfer
hereof or in exchange hereof or in lieu hereof whether or not notation of such
consent or waiver is made upon this Note. The Indenture also permits the
Indenture Trustee to amend or waive certain terms and conditions set forth in
the Indenture without the consent of Holders of the Notes issued thereunder.

      The term "Issuer" as used in this Note includes any successor to the
Issuer under the Indenture.

      The Issuer is permitted by the Indenture, under certain circumstances, to
merge or consolidate, subject to the rights of the Indenture Trustee and the
Holders of Notes under the Indenture.

      The Notes are issuable only in registered form in denominations as
provided in the Indenture, subject to certain limitations therein set forth.

      THIS CLASS D(200[o]-[o]) NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAWS
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

                                 Exhibit A-4 - 8

<PAGE>

                                   ASSIGNMENT

Social Security or other identifying number of assignee ________________________

      FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto ______________________________ (name and address of assignee) the within
certificate and all rights thereunder, and hereby irrevocably constitutes and
appoints ____________________, attorney, to transfer said certificate on the
books kept for registration thereof, with full power of substitution in the
premises.

Dated:__________                                    _________________________**
                                                       Signature Guaranteed

----------
** The signature to this assignment must correspond with the name of the
registered owner as it appears on the face of the within Note in every
particular, without alteration, enlargement or any change whatsoever.

                                 Exhibit A-4 - 9
<PAGE>

                                                                       EXHIBIT B

              FORM OF MONTHLY PAYMENT INSTRUCTIONS AND NOTIFICATION
                            TO THE INDENTURE TRUSTEE
                               ADVANTA BANK CORP.
                       ADVANTA BUSINESS RECEIVABLES CORP.
                ADVANTA BUSINESS CARD MASTER TRUST ADVANTASERIES
                         MONTHLY PERIOD ENDING [MONTH]

                                    Exhibit B

<PAGE>

EXHIBIT B

 FORM OF MONTHLY PAYMENT INSTRUCTIONS AND NOTIFICATION TO THE INDENTURE TRUSTEE
                               ADVANTA BANK CORP.
                       ADVANTA BUSINESS RECEIVABLES CORP.
                ADVANTA BUSINESS CARD MASTER TRUST ADVANTASERIES
                         MONTHLY PERIOD ENDING [MONTH]

Capitalized terms used in this notice have their respective meanings set forth
in the Master Indenture as supplemented by the AdvantaSeries Indenture
Supplement, the Transfer and Servicing Agreement or the Trust Agreement.
References to certain sections and subsections are references to the respective
sections and subsections of the Master Indenture as supplemented by the
AdvantaSeries Indenture Supplement.

      A)    Advanta Bank Corp. is the Servicer under the Master Indenture.

      B)    The undersigned is an Authorized Officer.

      C)    The date of this notice is on or before the second Business Day
            preceding the related Payment Date.

I. INSTRUCTION TO MAKE A WITHDRAWAL

A. PURSUANT TO SECTION 4.07 OF THE ADVANTASERIES INDENTURE SUPPLEMENT, THE
SERVICER DOES HEREBY INSTRUCT THE INDENTURE TRUSTEE TO APPLY AVAILABLE FINANCE
CHARGE COLLECTIONS FOR SUCH PAYMENT DATE IN A MANNER SET FORTH BELOW;

<TABLE>
<S>                                                 <C>                 <C>                       <C>
Available Finance Charge Collections on deposit in the Collection Account on the
related Payment Date                                                                              $
                                                                                                  ----------------------

1. Pursuant to Section 4.07(a), the required interest payments on the Class A
   Notes;

                                                                        Required Interest to
                                                    CUSIP Number              be Paid
                                                    ------------        --------------------

   [Class / Tranche]                                                    $
                                                    ------------        --------------------
   Total                                                                                          $
                                                                                                  ----------------------

2. Pursuant to Section 4.07(b), the required interest payments on the Class B
   Notes;

                                                                        Required Interest to
                                                    CUSIP Number              be Paid
                                                    ------------        --------------------

   [Class / Tranche]                                                    $
                                                    ------------        --------------------
   Total                                                                                          $
                                                                                                  ----------------------

3. Pursuant to Section 4.07(c);

   AdvantaSeries Monthly Servicing Fee plus any previously due and unpaid
   AdvantaSeries Monthly Servicing Fee to be distributed to the Servicer                          $
                                                                                                  ----------------------

4. Pursuant to Section 4.07(d), the required interest payments on the Class C
   Notes;

                                                                        Required Interest to
                                                    CUSIP Number              be Paid
                                                    ------------        --------------------

   [Class / Tranche]                                                    $
                                                    ------------        --------------------
   Total                                                                                          $
                                                                                                  ----------------------

5. Pursuant to Section 4.07(e), the required interest payments on the Class D
   Notes;

                                                                        Required Interest to
                                                    CUSIP Number              be Paid
                                                    ------------        --------------------

   [Class / Tranche]                                                    $
                                                    ------------        --------------------
   Total                                                                                          $
                                                                                                  ----------------------

6. Pursuant to Section 4.07(f);

   The AdvantaSeries Defaulted Amount to be treated as Available Principal
   Collections                                                                                    $
                                                                                                  ----------------------

7. Pursuant to Section 4.07(g);

   The aggregate Adjusted Invested Amount Deficits to be treated as Available
   Principal Collections                                                                          $
                                                                                                  ----------------------

8. Pursuant to Section 4.07(h);

   To be deposited into the Cash Collateral Account in the amount equal to
   the Cash Collateral Account Deficit                                                            $
                                                                                                  ----------------------
</TABLE>

<PAGE>

<TABLE>
<S>                                              <C>             <C>                              <C>
9.  Pursuant to Section 4.07(i);

    To be deposited into the Spread Account in the amount equal to the required
    deposit amount to the Spread Account pursuant to Section 4.24(b)                              $
                                                                                                  ----------------------

10. Pursuant to Section 4.07(j);                                                                  $
                                                                                                  ----------------------

    To make any other payment or deposit required by the Terms Documents of
    any Class or Tranche of AdvantaSeries Notes                                                   $
                                                                                                  ----------------------

11. Pursuant to Section 4.07(k);

    To be treated as Excess Finance Charge Collections for application in
    accordance with Section 4.29                                                                  $
                                                                                                  ----------------------

12. Pursuant to Section 4.07(l);

    To make any other payment or deposit required by the Terms Documents of
    any Class or Tranche of AdvantaSeries Notes                                                   $
                                                                                                  ----------------------

13. Pursuant to Section 4.07(m);

    Remaining amount paid to holders of the Trust Beneficial Interest                             $
                                                                                                  ----------------------

Available Finance Charge Collections on deposit in the Collection Account less
the above distributions                                                                           $
                                                                                                  ======================
</TABLE>

B. PURSUANT TO SECTION 4.15 OF THE ADVANTASERIES INDENTURE SUPPLEMENT, THE
SERVICER DOES HEREBY INSTRUCT THE INDENTURE TRUSTEE TO APPLY AVAILABLE PRINCIPAL
COLLECTIONS FOR SUCH PAYMENT DATE IN A MANNER SET FORTH BELOW;

<TABLE>
<S>                                              <C>             <C>                              <C>
Available Principal Collections on deposit in the Collection Account on the
related Payment Date                                                                              $
                                                                                                  ----------------------
1. Pursuant to Section 4.15(a), the Class A interest shortfalls;

                                                                 Required Interest to
                                                 CUSIP Number          be Paid
                                                 ------------    --------------------

   [Class / Tranche]                                             $
                                                 ------------    --------------------
   Total                                                                                          $
                                                                                                  ----------------------

2. Pursuant to Section 4.15(b), the Class B interest shortfalls;

                                                                 Required Interest to
                                                 CUSIP Number          be Paid
                                                 ------------    --------------------

   [Class / Tranche]                                             $
                                                 ------------    --------------------
   Total                                                                                          $
                                                                                                  ----------------------

3. Pursuant to Section 4.15(c);

   Servicing Fee Shortfall to be distributed to the Servicer                                      $
                                                                                                  ----------------------

4. Pursuant to Section 4.15(d), the Class C interest shortfalls;

                                                                 Required Interest to
                                                 CUSIP Number          be Paid
                                                 ------------    --------------------

   [Class / Tranche]                                             $
                                                 ------------    --------------------
   Total                                                                                          $
                                                                                                  ----------------------

5. Pursuant to Section 4.15(e), the Required Principal Deposit Amount to the
   Principal Funding Account;

                                                                 Amount to be deposited into
                                                                 the applicable Principal
                                                                    Funding Sub-Account
                                                                 ---------------------------

   [Class / Tranche]                                             $
                                                                 ---------------------------
   Total                                                                                          $
                                                                                                  ----------------------

6. Pursuant to Section 4.15(f);

   To be treated as Shared Principal Collections for application in
   accordance with Section 4.30                                                                   $
                                                                                                  ----------------------

7. Pursuant to Section 4.15(g);

   (a) To the holders of the Trust Beneficial Interest if the Transferor
       Interest is greater than the Required Transferor Interest                                  $
                                                                                                  ----------------------

   (b) Amount to be deposited into the Excess Funding Account if the
       Transferor Interest is less than the Required Transferor Interest                          $
                                                                                                  ----------------------

Available Principal Collections on deposit in the Collection Account less the
above distributions                                                                               $
                                                                                                  ======================
</TABLE>
<PAGE>

II.  PRINCIPAL FUNDING ACCOUNT

<TABLE>
<CAPTION>
                    Beginning     Required        Actual         Principal        Amount                         Ending
                    Principal    Deposit to     Deposit to        Funding        Withdrawn       Withdrawal     Principal
                    Funding     the Principal  the Principal    Sub-Account     for Payment    of Coverage       Funding
                   Sub-Account     Funding       Funding       Balance prior  of Principal to  Funding Excess  Sub-Account
                     Balance     Sub-Account    Sub-Account   to Withdrawals     Noteholders      Amounts        Balance
                   -----------  -------------  -------------  --------------  ---------------  --------------  -----------
<S>                <C>          <C>            <C>            <C>             <C>              <C>             <C>
[Class / Tranche]
                   -----------  -------------  -------------  --------------  ---------------  --------------  -----------
Total
                   -----------  -------------  -------------  --------------  ---------------  --------------  -----------
</TABLE>

<TABLE>
<S>                                                          <C>                                <C>
III.  APPLICATION OF COVERAGE FUNDING EXCESS AMOUNTS

1. Aggregate AdvantaSeries Coverage Funding Excess Amounts                                      $
                                                                                                  --------------------

2. Amounts to be
   deposited into the applicable Principal Funding Sub-Account

                                                             Amount to be deposited

   [Class / Tranche]                                         $
                                                               --------------------
   Total                                                                                        $
                                                                                                  --------------------

3. Amount deposited into the Cash Collateral Account in an amount equal to the
   Cash Collateral Account Deficit                                                              $
                                                                                                  --------------------

4. Any Remaining amounts paid to the holders of the Trust Beneficial Interests                  $
                                                                                                  --------------------

5. Aggregate AdvantaSeries Coverage Funding Excess Amounts less distributions                   $
                                                                                                  ====================

IV. CASH COLLATERAL ACCOUNT

1. Beginning Balance                                                                            $
                                                                                                  --------------------

2. On the Closing Date for a Tranche, the initial deposit into the Cash
   Collateral Account pursuant to Section 4.22(a)                                               $
                                                                                                  --------------------

3. Interest earnings since the preceding Payment Date                                           $
                                                                                                  --------------------

4. Amount deposited from Available Finance Charge Collections to cover any Cash
   Collateral Account Deficit pursuant to Section 4.22(b)                                       $
                                                                                                  --------------------

5. Amount withdrawn from the Principal Funding Account pursuant to Section
   4.20(d) and deposited into the Cash Collateral Account                                       $
                                                                                                  --------------------

6. Amount withdrawn from the Spread Account pursuant to Section 4.25(e)(i) and
   deposited into the Cash Collateral Account                                                   $
                                                                                                  --------------------

7. PFA Earnings Shortfall withdrawn from the Cash Collateral Account and treated
   as Available Finance Charge Collections pursuant to Section 4.23(a)                          $
                                                                                                  --------------------

8. Amount withdrawn for the Cash Collateral Account and deposited into the
   Collection Account to cover any payments of interest and Monthly Serving Fee
   pursuant to Section 4.23(b)                                                                  $
                                                                                                  --------------------

9. AdvantaSeries Defaulted Amount withdrawn from the Cash Collateral Account and
   treated as Available Principal Collections pursuant to Section 4.23(c)                       $
                                                                                                  --------------------

10. At the date of issuance of a Foreclosure Certificate, the amount withdrawn
    pursuant to Section 4.23(d)                                                                 $
                                                                                                  --------------------

11. At the Final Maturity Date of a Tranche, the amount withdrawn pursuant to
    Section 4.23 (e)                                                                            $
                                                                                                  --------------------

12. Excess over the Required Cash Collateral Account Amount paid to the holder
    of the Trust Beneficial Interest pursuant to Section 4.23(f)                                $
                                                                                                  --------------------

13. Ending Balance                                                                              $
                                                                                                  ====================

V. SPREAD ACCOUNT

1. Beginning Balance                                                                            $
                                                                                                  --------------------

2. On the Closing Date for a Tranche, the initial deposit into the Spread
   Account pursuant to Section 4.24(a)                                                          $
                                                                                                  --------------------

3. Interest earnings since the preceding Payment Date                                           $
                                                                                                  --------------------

4. Amount deposited from Available Finance Charge Collections to cover any
   required Spread Account Amounts                                                              $
                                                                                                  --------------------

5. Amount withdrawn for the Spread Account and deposited into the Collection
   Account to cover any payments of interest and Monthly Serving Fee pursuant to
   Section 4.25(a)                                                                              $
                                                                                                  --------------------

6. AdvantaSeries Defaulted Amount withdrawn from the Spread Account and treated
   as Available Principal Collections pursuant to Section 4.25(b)                               $
                                                                                                  --------------------

7. At the date of issuance of a Foreclosure Certificate, the amount withdrawn
   pursuant to Section 4.25(c)                                                                  $
                                                                                                  --------------------

8. At the Final Maturity Date of a Tranche, the amount withdrawn pursuant to
   Section 4.25 (d)                                                                             $
                                                                                                  --------------------

9. Excess over the Required Spread Account Amount to be deposited into the Cash
   Collateral Account pursuant to Section 4.25(e)(i)
                                                                                                  --------------------

10. Excess over the Required Spread Account Amount paid to the holder of the
    Trust Beneficial Interest pursuant to Section 4.25(e)(ii)                                   $
                                                                                                  --------------------

11. Ending Balance                                                                              $
                                                                                                  ====================

VI. EXCESS FUNDING ACCOUNT

1. Beginning Balance                                                                            $
                                                                                                  --------------------

2. Interest income from investments in the related Monthly Period pursuant to
   subsection 8.03 (b) of the Master Indenture                                                  $
                                                                                                  --------------------

3. Deposits made pursuant to Section 4.04 and Section 4.15(g).                                  $
                                                                                                  --------------------

4. Interest income withdrawn to be included as Available Finance Charge
   Collections                                                                                  $
                                                                                                  --------------------

5. Amount withdrawn to be treated as Shared Principal Collections pursuant to
   subsection 8.03(b) of the Master Indenture                                                   $
                                                                                                  --------------------

6. Amount withdrawn and paid to the holder of the Trust Beneficial Interest
   pursuant to Section 8.03(b) and Section 8.05 of the Master Indenture                         $
                                                                                                  --------------------

7. Ending Balance                                                                               $
                                                                                                  ====================
</TABLE>

<PAGE>

VII. ADJUSTED INVESTED AMOUNT FOR THE ADVANTASERIES

<TABLE>
<CAPTION>
                                Increases from
                                amounts withdrawn   Reimbursements of
                              from the Principal      prior Adjusted     Reductions due to      Reductions due
                   Beginning  Funding sub-Accounts    Invested Amount     reallocations of       to amounts        Ending
                   Adjusted     in respect of         Deficits from     Available Principal   deposited to the     Adjusted
                   Invested   Coverage Funding      Available Finance     Collections and     Principal Funding   Invested
                    Amount      Excess Amounts      Charge Collections  Investor Charge-Offs    Sub-Accounts       Amount
                   ---------  --------------------  ------------------  --------------------  -----------------   ---------
<S>                <C>        <C>                   <C>                 <C>                   <C>                 <C>
[Class / Tranche]
Total [Class]
Total
</TABLE>

VIII. ACCRUED AND UNPAID AMOUNTS

After giving effect to the withdrawals and transfers to be made in accordance
with this notice, the following amounts will be accrued and unpaid with respect
to all preceding Monthly Periods

<TABLE>
<CAPTION>
                                                  Accrued and           Unreimbursed
                                                Unpaid Monthly        Investor Charge-
                       Interest Shortfall        Servicing Fee             Offs
                       ------------------       --------------        ----------------
<S>                    <C>                      <C>                   <C>
[Class / Tranche]      $                        $                     $
                       ------------------       --------------        ----------------
Total [Class]          $                        $                     $
                       ------------------       --------------        ----------------
Total                  $                        $                     $
                       ------------------       --------------        ----------------
</TABLE>

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this
Certificate this [ ]th Day of [month].

                                                    Advanta Bank Corp.

                                                    as Servicer

                                                    By: ___________________
                                                    Name:
                                                    Title:

<PAGE>

                                                                       EXHIBIT C

                     FORM OF MONTHLY NOTEHOLDER'S STATEMENT
                               ADVANTA BANK CORP.
                       ADVANTA BUSINESS CARD MASTER TRUST
                                 ADVANTASERIES
                               PERIOD ENDING [-]

                                   Exhibit C

<PAGE>

EXHIBIT C

                     FORM OF MONTHLY NOTEHOLDER'S STATEMENT
                               ADVANTA BANK CORP.
                       ADVANTA BUSINESS CARD MASTER TRUST
                                  ADVANTASERIES
                             PERIOD ENDING ______

The information which is required to be prepared with respect to the Payment
Date of ____ and with respect to the performance of the Trust during the period
of _____through _____ is set forth below.

Capitalized terms used in this statement have their respective meanings set
forth in the Master Indenture as supplemented by the AdvantaSeries Indenture
Supplement, the Transfer and Servicing Agreement or the Trust Agreement.
References to certain sections and subsections are references to the respective
sections and subsections of the Master Indenture as supplemented by the
AdvantaSeries Indenture Supplement.

I. Information regarding the current monthly principal distribution to the
Noteholders

<TABLE>
<CAPTION>
                                          Total amount of principal
                         CUSIP Number            to be paid             Per $1,000
                         ------------     -------------------------     ----------
<S>                      <C>              <C>                           <C>
[Class / Tranche]
Total [Class]

Total
</TABLE>

II. Information regarding the current monthly interest distribution to the
Noteholders

<TABLE>
<CAPTION>
                                          Total amount of Interest
                         CUSIP Number            to be paid             Per $1,000
                         ------------     ------------------------      ----------
<S>                      <C>              <C>                           <C>
[Class / Tranche]
Total [Class]

Total
</TABLE>

III. Information regarding the total monthly distribution to the Noteholders

<TABLE>
<CAPTION>
                         CUSIP Number     Total amount to be paid       Per $1,000
                         ------------     ------------------------      ----------
<S>                      <C>              <C>                           <C>
[Class / Tranche]
Total [Class]

Total
</TABLE>

IV. Information regarding the performance of the Advanta Business Card Master
Trust

<TABLE>
<S>                                                                                             <C>
   1. The aggregate amount of such Collections with respect to Principal
      Receivables for the Monthly Period preceding such Payment Date                            $
                                                                                                 -----------------

   2. The aggregate amount of such Collections with respect to Finance Charge
      and Administrative Receivables for the Monthly Period preceding such
      Payment Date                                                                              $
                                                                                                 -----------------

   3. Recoveries for the Monthly Period preceding such Payment Date                             $
                                                                                                 -----------------

   4. The Defaulted Amount for the Monthly Period preceding such Payment Date                   $
                                                                                                 -----------------

   5. The annualized percentage equivalent of a fraction, the numerator of which
      is the Defaulted Amount less Recoveries for the preceding Monthly Period,
      and the denominator is the average Receivables for the preceding Monthly
      Period                                                                                     -----------------

   6. The total amount of Principal Receivables in the trust at the beginning of
      the preceding Monthly Period                                                              $
                                                                                                 -----------------

   7. The total amount of Principal Receivables in the trust as of the last day
      of the preceding Monthly Period                                                           $
                                                                                                 -----------------

   8. The total amount of Finance Charge and Administrative Receivables in the
      Trust at the beginning of the preceding Monthly Period                                    $
                                                                                                 -----------------

   9. The total amount of Finance Charge and Administrative Receivables in the
      Trust as of the last day of the preceding Monthly Period                                  $
                                                                                                 -----------------

   10. The aggregated Adjusted Invested Amounts of all Series of Notes
      outstanding as of the last day of the preceding Monthly Period                            $
                                                                                                 -----------------

   11. The Transferor Interest as of the end of the Monthly Period preceding
      such Payment Date                                                                         $
                                                                                                 -----------------

   12. The Transferor Percentage as of the end of the Monthly Period preceding
      such Payment Date                                                                          -----------------

   13. The Required Transferor Percentage                                                        -----------------

   14. The Required Transferor Interest                                                         $
                                                                                                 -----------------

   15. The monthly principal payment rate for the Monthly Period preceding such
       Payment Date                                                                              -----------------

   16. The balance in the Excess Funding Account as of the end of the Monthly
       Period preceding such Payment Date                                                       $
                                                                                                 -----------------
</TABLE>

<PAGE>

   17. The aggregate outstanding balance of the Accounts which were delinquent
       as of the end of the Monthly Period preceding such Payment Date:

<TABLE>
<CAPTION>
                                                           Percentage of Total
                                                               Receivables                 Dollar Amount
                                                           -------------------             -------------
<S>                                                        <C>                             <C>
(a) Delinquent between 30 days and 59 days
(b) Delinquent between 60 days and 89 days
(c) Delinquent between 90 days and 119 days
(d) Delinquent between 120 days and 149 days
(e) Delinquent between 150 days and 179 days
(f) Delinquent 180 days or greater
                                                           -------------------             -------------
(g) Aggregate
                                                           ===================             =============
</TABLE>

IV. Information regarding the AdvantaSeries

      1. AdvantaSeries balances and amounts as of the end of the Monthly Period
         preceding such Payment Date

<TABLE>
<CAPTION>
                      Initial Principal  Outstanding Principal     Adjusted Outstanding      Invested       Adjusted Invested
                           Balance              Balance             Principal Balance         Amount             Amount
                      -----------------  ---------------------     --------------------      --------       -----------------
<S>                   <C>                <C>                       <C>                       <C>            <C>
[Class / Tranche]
Total [Class]

Total
</TABLE>

<TABLE>
<S>                                                                                    <C>
2. Weighted Average Floating Allocation Amount for the related Monthly
   Period                                                                              $
                                                                                        --------------

3. The Floating Investor Percentage with respect to the period:
   _______ through _________
   _______ through _________                                                            --------------

4. The Fixed Investor Percentage with respect to the period:
   _______ through _________
   _______ through _________                                                            --------------

5. The amount of Investor Principal Collections applicable to the
   AdvantaSeries                                                                       $
                                                                                        --------------

6a. The amount of Available Finance Charge Collections on deposit in the
    Collection Account on the related Payment Date                                     $
                                                                                        --------------

6b. The amount of Available Finance Charge Collections not on deposit in the
    Collection Account on related Payment Date pursuant to Section
    8.04(a) of the Master Indenture                                                    $
                                                                                        --------------

7. The AdvantaSeries Defaulted Amount for the related Monthly Period                   $
                                                                                        --------------

8. The AdvantaSeries Monthly Servicing Fee for the related Monthly Period              $
                                                                                        --------------

9. AdvantaSeries performance for the related Monthly Period

   a. The cash yield for the related Monthly Period                                     --------------

   b. The default rate for the related Monthly Period                                   --------------

   c. The Net Portfolio Yield for the related Monthly Period                            --------------

   d. The Base Rate for the related Monthly Period                                      --------------

   e. The Excess Spread Percentage for the related Monthly Period                       --------------

   f. The Quarterly Excess Spread Percentage                                            --------------

   g. The Excess Spread Amount for the related Monthly Period                          $
                                                                                        --------------

   h. The average Excess Spread Amount for the three preceding Monthly
      Periods                                                                          $
                                                                                        --------------

10. Floating interest rate determinations:

      LIBOR for the Interest Period from ______through and including__________          --------------
</TABLE>

      11. Required interest payments

<TABLE>
<CAPTION>
                        Required interest        Interest shortfalls and         Amounts withdrawn
                       amounts with respect     additional interest from        from the Collection
                     to the current Interest           prior periods           Account for payment of       Unpaid required interest
                            Period                                            required interest amounts             amounts
                     -----------------------    ------------------------      -------------------------     ------------------------
<S>                  <C>                        <C>                           <C>                           <C>
[Class / Tranche]
Total [Class]

Total
</TABLE>

<PAGE>

12. Principal Funding Account

<TABLE>
<CAPTION>
                                                                                    On the
                                                                               Principal Payment
                                                                               Date for a Tranche,
                                                                  Principal         the amount
                    Beginning     Required        Actual          Funding           withdrawn                          Ending
                    Principal     Deposit to    deposit to      Sub-Account         equal to           Withdrawal     Principal
                    Funding     the Principal  the Principal      balance        the principal        of Coverage      Funding
                   Sub-Account    Funding        Funding          prior to        due on such        Funding Excess   Sub-Account
                     balance    Sub-Account     Sub-Account   any withdrawals       Tranche              Amount        Balance
                   -----------  -------------  -------------  ---------------  -------------------   --------------   -----------
<S>                <C>          <C>            <C>            <C>              <C>                   <C>              <C>
[Class / Tranche]
Total [Class]

Total
</TABLE>

<TABLE>
<S>                                                                                               <C>
13. Coverage Funding Required Amounts

   a. With respect to the Class A Notes, the Coverage Funding Required Amount as
      of the end of the related Monthly Period                                                    $
                                                                                                    -------------------

   b. With respect to the Class B Notes, the Coverage Funding Required Amount as
      of the end of the related Monthly Period                                                    $
                                                                                                    -------------------

   c. With respect to the Class C Notes, the Coverage Funding Required Amount as
      of the end of the related Monthly Period                                                    $
                                                                                                    -------------------

14. Cash Collateral Account

   a. The Required Cash Collateral Account Amount on the related Payment Date                     $
                                                                                                    -------------------

   b. The Available Cash Collateral Account Amount on the related Payment Date                    $
                                                                                                    -------------------

   c. Has a Portfolio Decline Event occurred with respect to the Monthly Period
      preceding such Payment Date                                                                   -------------------

15. Spread Account

   a. The Required Spread Account Amount on the related Payment Date                              $
                                                                                                    -------------------

   b. The amount on deposit in the Spread Account on the related Payment Date                     $
                                                                                                    -------------------
</TABLE>

16. Required Subordinated Amounts as of the end of the Monthly Period preceding
    such Payment Date

<TABLE>
<CAPTION>
                           Required subordination       Required Subordinated
                                 percentage                    Amount                 Subordinated amount
                           ----------------------       ---------------------         -------------------
<S>                        <C>                          <C>                           <C>
[Class]
</TABLE>

17. Adjusted Invested Amount

<TABLE>
<CAPTION>
                                                 Increases from the                                            Reductions
                                                 withdrawal of the    Increases from    Reductions due to    due to amounts
                   Beginning  Increases from      Coverage Funding    reimbursements     reallocation of     deposited into  Ending
                   Adjusted   the issuance of   Excess Amount from      of Adjusted     Available Principal   the Principal Adjusted
                   Invested   additional Notes     the Principal      Invested Amount    Collections and         Funding    Invested
                    Amount    of such Tranche   Funding Sub-Accounts     Deficits      Investor Charge-Offs   Sub-Accounts   Amount
                   ---------  ----------------  --------------------  ---------------  --------------------  -------------- --------
<S>                <C>        <C>               <C>                   <C>              <C>                   <C>            <C>
[Class / Tranche]
Total [Class]
Total
</TABLE>

                                                        Advanta Bank Corp.
                                                        as Servicer

                                                        By:
                                                        Name:
                                                        Title:
<PAGE>

                                                                       EXHIBIT D

                     FORM OF MONTHLY SERVICER'S CERTIFICATE

                               ADVANTA BANK CORP.
                              OFFICERS CERTIFICATE

      In compliance with Section 5.02 of the AdvantaSeries Indenture Supplement
(the "Agreement") dated as of November 1, 2004 between Advanta Business Card
Master Trust, as issuer (the "Issuer") and Deutsche Bank Trust Company Americas,
as indenture trustee (the "Indenture Trustee"), I, [Name], [Title] of Advanta
Bank Corp., as Servicer, hereby certify that no Pay Out Event has occurred
during the preceding Monthly Period.

      Capitalized terms used herein without definition are defined in the
Agreement.

      I have hereunto set my hand this [o] day of [o], 200[o]

                                              ADVANTA BANK CORP.

                                              By:_______________________________
                                              Name:
                                              Title:

                                    Exhibit D
<PAGE>

                                                                     EXHIBIT E-1

                         FORM OF CLASS A TERMS DOCUMENT

================================================================================

                       ADVANTA BUSINESS CARD MASTER TRUST

                                    as Issuer

                                       and

                      DEUTSCHE BANK TRUST COMPANY AMERICAS

                              as Indenture Trustee

                       CLASS A(200[o]-[o]) TERMS DOCUMENT

                            dated as of [o] [o], [o]

                                       to

                       ADVANTASERIES INDENTURE SUPPLEMENT

                          dated as of November 1, 2004

                                       to

                                    INDENTURE

                           dated as of August 1, 2000

================================================================================

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                              PAGE
<S>                                                                                                           <C>
ARTICLE I
Creation of the AdvantaSeries Notes

ARTICLE I
Definitions and Other Provisions of General Application
     Section 1.01     Definitions..........................................................................      3
     Section 1.02     Governing Law........................................................................      6
     Section 1.03     Counterparts.........................................................................      6
     Section 1.04     Ratification of Indenture and AdvantaSeries Indenture Supplement.....................      6

ARTICLE II

The Class A(200[o]-[o]) Notes
     Section 2.01     Creation and Designation.............................................................      7
     Section 2.02     Interest Payment.....................................................................      7
     Section 2.03     Determination of One-Month LIBOR.....................................................      7
     Section 2.04     Required Deposits of Available Principal Collections to the Principal
                        Funding Account; Payment of Principal..............................................      8
     Section 2.05     Holders' Rights to Payments of Interest and Principal................................      8
     Section 2.06     Cash Collateral Account.  ...........................................................      9
     Section 2.07     Delivery and Payment for the Class A(200[o]-[o]) Notes; Form and
                        Denomination.......................................................................      9
     Section 2.08     Manner of Payment of Class A(200[o]-[o]) Notes.......................................      9
     Section 2.09     Monthly Servicing Fee................................................................     10
</TABLE>

                                     - 2 -
<PAGE>

      CLASS A(200[o]-[o]) TERMS DOCUMENT, dated as of [o] [o], [o] (the "TERMS
DOCUMENT"), between WILMINGTON TRUST COMPANY, as Owner Trustee of ADVANTA
BUSINESS CARD MASTER TRUST, a common law trust organized and existing under the
laws of the State of Delaware (herein, the "ISSUER" or the "TRUST"), and
DEUTSCHE BANK TRUST COMPANY AMERICAS (formerly known as Bankers Trust Company),
a banking corporation organized and existing under the laws of the State of New
York, not in its individual capacity, but solely as indenture trustee (herein,
together with its successors in the trusts thereunder as provided in the Master
Indenture, the "INDENTURE TRUSTEE") under the Master Indenture, dated as of
August 1, 2000 (the "INDENTURE") between the Issuer and the Indenture Trustee.
This Terms Document supplements the AdvantaSeries Indenture Supplement, dated as
of November 1, 2004 (the "ADVANTASERIES INDENTURE SUPPLEMENT"), between the
Issuer and the Indenture Trustee, which supplements the Indenture.

      Pursuant to this Terms Document, the Issuer shall create a new tranche of
Class A Notes and shall specify the principal terms thereof.

                                    ARTICLE I
             Definitions and Other Provisions of General Application

      Section 1.01 Definitions. For all purposes of this Terms Document, except
as otherwise expressly provided or unless the context otherwise requires:

            (1) the terms defined in this Article have the meanings assigned to
them in this Article, and include the plural as well as the singular;

            (2) all other terms used herein which are defined in the
AdvantaSeries Indenture Supplement or the Indenture, either directly or by
reference therein, have the meanings assigned to them therein;

            (3) all accounting terms not otherwise defined herein have the
meanings assigned to them in accordance with generally accepted accounting
principles and, except as otherwise herein expressly provided, the term
"generally accepted accounting principles" with respect to any computation
required or permitted hereunder means such accounting principles as are
generally accepted in the United States of America at the date of such
computation;

            (4) all references in this Terms Document to designated "Articles,"
"Sections" and other subdivisions are to the designated Articles, Sections and
other subdivisions of this Terms Document;

            (5) the words "herein," "hereof" and "hereunder" and other words of
similar import refer to this Terms Document as a whole and not to any particular
Article, Section or other subdivision;

            (6) in the event that any term or provision contained herein shall
conflict with or be inconsistent with any term or provision contained in the
AdvantaSeries Indenture Supplement, the Indenture or the Transfer and Servicing
Agreement, the terms and provisions of this Terms Document shall be controlling;

                                     - 3 -
<PAGE>

            (7) each capitalized term defined herein shall relate only to the
Class A(200[o]-[o]) Notes and no other Tranche of Notes issued by the Issuer;
and

            (8) "including" and words of similar import will be deemed to be
followed by "without limitation."

      "Accumulation Amount" shall mean, for any Payment Date occurring during
the Accumulation Period, $[o]; provided, however, that if the Accumulation
Period Length is determined to be less than 8 months pursuant to subsection
2.04(a), the Accumulation Amount for each Payment Date with respect to the
Accumulation Period will be equal to (i) the Outstanding Principal Balance of
the Class A(200[o]-[o]) Notes divided by (ii) the Accumulation Period Length.

      "Accumulation Deposit Amount" means, for any Payment Date occurring during
the Accumulation Period, an amount equal to the sum of the Accumulation Amount
for such Payment Date and any existing Accumulation Shortfall.

      "Accumulation Period" shall mean, unless a Pay Out Event shall have
occurred prior thereto, the period commencing at the close of business on [o]
[o], [o], or such later date as is determined in accordance with subsection
2.04(a), and ending on the first to occur of (a) the commencement of the Early
Amortization Period, (b) the payment in full of the Outstanding Principal
Balance of the Class A(200[o]-[o]) Notes and (c) the Class A(200[o]-[o]) Final
Maturity Date.

      "Accumulation Period Factor" shall mean, for the purpose of calculating
the Accumulation Period Length for the Class A(200[o]-[o]) Notes, with respect
to any Monthly Period, a fraction, the numerator of which is equal to the sum of
the initial invested amounts (or, if no initial invested amount is defined in
the applicable Indenture Supplement, then the initial principal balance) of all
outstanding Series, and the denominator of which is equal to the sum of (a) the
Principal Balance of Class A(200[o]-[o]) Notes, (b) the initial invested amounts
(or, if no initial invested amount is defined in the applicable Indenture
Supplement, then the initial principal balance) of all other Outstanding Classes
and Tranches (without duplication) (other than the AdvantaSeries Class
A(200[o]-[o]) Notes) which are not expected to be in their revolving periods,
and (c) the initial invested amounts (or, if no initial invested amount is
defined in the applicable Indenture Supplement, then the initial principal
balance) of all other Outstanding Classes and Tranches (without duplication)
(other than the AdvantaSeries Class A(200[o][o]) Notes)which are not allocating
Shared Principal Collections to other Series and are in their revolving periods;
provided, however, that this definition may be changed at any time if the Rating
Agency Condition is satisfied.

      "Accumulation Period Length" means the number of whole months such that
the sum of the Accumulation Period Factors for each month during such period
will be equal to or greater than the Required Accumulation Factor Number;
provided, however, that the Accumulation Period Length will not be determined to
be less than one month; provided further, however, that the determination of the
Accumulation Period Length may be changed at any time if the Rating Agency
Condition is satisfied.

                                     - 4 -
<PAGE>

      "Accumulation Shortfall" shall mean (a) on the first Payment Date during
the Accumulation Period, zero and (b) on each subsequent Payment Date during the
Accumulation Period, the excess, if any, of the Accumulation Deposit Amount for
the previous Payment Date over the amount deposited into the Principal Funding
Account pursuant to Section 2.04(b) for the previous Principal Payment Date.

      "AdvantaSeries Indenture Supplement" means the AdvantaSeries Indenture
Supplement dated as of November 1, 2004, by and between the Issuer and the
Indenture Trustee, as amended and supplemented from time to time.

      "Class A(200[o]-[o]) Final Maturity Date" means [o] [o], [o].

      "Class A(200[o]-[o]) Note" means any Note substantially in the form set
forth in Exhibit A-1 to the AdvantaSeries Indenture Supplement, designated
therein as a Class A(200[o]-[o]) Note and duly executed and authenticated in
accordance with the Indenture.

      "Class A(200[o]-[o]) Noteholder" means a Person in whose name a Class
A(200[o]-[o]) Note is registered in the Note Register.

      "Class A(200[o]-[o]) Termination Date" means the earliest to occur of (a)
the Principal Payment Date on which the Outstanding Principal Balance of the
Class A(200[o]-[o]) Notes is paid in full, (b) the Class A(200[o]-[o]) Final
Maturity Date and (c) the date on which the Indenture is discharged and
satisfied pursuant to Article XI thereof.

      "Closing Date" means [o] [o], [o].

      "Expected Final Principal Payment Date" means [o] [o], [o].

      "Initial Principal Balance" means $[o].

      "Indenture" means the Indenture dated as of August 1, 2000, by and between
the Issuer and the Indenture Trustee, as amended and supplemented from time to
time.

      "Interest Payment Date" means the scheduled due date of any payment of
interest on the Class A(200[o]-[o]) Notes, which shall be each Payment Date. The
first Interest Payment Date shall be [o] [o], [o].

      "LIBOR Determination Date" shall mean (a) with respect to the first
Interest Payment Date, (i) [o] [o], [o] for the period from and including the
Closing Date through and including [o] [o], [o] and (ii) [o] [o], [o] for the
period from and including [o] [o], [o] through and including [o] [o], [o] and
(b) with respect to any Interest Payment Date after the first Interest Payment
Date, the second London Business Day prior to the commencement of the second and
each subsequent Interest Period.

      "London Business Day" means any Business Day on which dealings in deposits
in United States Dollars are transacted in the London interbank market.

                                     - 5 -
<PAGE>

      "Note Interest Rate" means a rate per annum equal to [[o]% in excess of
LIBOR as determined by the Indenture Trustee on the related LIBOR Determination
Date with respect to each Interest Period] [[o]% per year].

      "One-Month Index Maturity" means a maturity of one month commencing on the
related LIBOR Determination Date.

      "One-Month LIBOR" means, for any Interest Period, the London interbank
offered rate for one month United States dollar deposits determined by the
Indenture Trustee on the LIBOR Determination Date for such Interest Period in
accordance with the provisions of Section 2.03.

      "Paying Agent" means Deutsche Bank Trust Company Americas.

      "Reference Banks" means three major banks in the London interbank market
selected by the Servicer.

      "Required Accumulation Factor Number" shall be equal to a fraction,
rounded upwards to the nearest whole number, the numerator of which is one and
the denominator of which is equal to the lowest monthly principal payment rate
on the Accounts, expressed as a decimal, for the twelve months preceding the
date of such calculation; provided, however, that this definition may be changed
at any time if the Rating Agency Condition is satisfied.

      "Telerate Page 3750" means the display page currently so designated on the
Moneyline Telerate Service (or such other page as may replace that page on that
service for the purpose of displaying comparable rates or prices).

      Section 1.02 Governing Law. THIS TERMS DOCUMENT WILL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, INCLUDING
SECTION 5-1401 OF THE GENERAL OBLIGATION LAW, WITHOUT REFERENCE TO ITS CONFLICT
OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      Section 1.03 Counterparts. This Terms Document may be executed in any
number of counterparts, each of which so executed will be deemed to be an
original, but all such counterparts will together constitute but one and the
same instrument.

      Section 1.04 Ratification of Indenture and AdvantaSeries Indenture
Supplement. As supplemented by this Terms Document, each of the Indenture and
the AdvantaSeries Indenture Supplement is in all respects ratified and confirmed
and the Indenture as so supplemented by the AdvantaSeries Indenture Supplement
and this Terms Document shall be read, taken and construed as one and the same
instrument.

                               [END OF ARTICLE I]

                                      - 6 -
<PAGE>

                                   ARTICLE II
                          The Class A(200[o]-[o]) Notes

      Section 2.01 Creation and Designation. There is hereby created a tranche
of Class A Notes to be issued pursuant to the Indenture and the AdvantaSeries
Indenture Supplement to be known as the "AdvantaSeries Class A(200[o]-[o])
Notes."

      Section 2.02 Interest Payment. For each Interest Payment Date, the amount
of interest due and payable with respect to the Class A(200[o]-[o]) Notes shall
be an amount equal to the product of (i) (A) a fraction, the numerator of which
is the actual number of days in the related Interest Period and the denominator
of which is 360, multiplied by (B) the Note Interest Rate [in effect with
respect to the related Interest Period], multiplied by (ii) the Outstanding
Principal Balance of the Class A(200[o]-[o]) Notes determined as of the Record
Date preceding the related Interest Payment Date. Any interest on the Class
A(200[o]-[o]) Notes will be calculated on the basis of the actual number of days
in the related Interest Period and a 360-day year.

      Section 2.03 Determination of One-Month LIBOR.

      (a) On each LIBOR Determination Date, the Indenture Trustee shall
determine LIBOR on the basis of the rate for deposits in United States dollars
having a One-Month Index Maturity which appears on Telerate Page 3750 as of
11:00 a.m., London time, on such date. If such rate does not appear on Telerate
Page 3750, One-Month LIBOR for that LIBOR Determination Date shall be determined
on the basis of the rates at which deposits in United States dollars, having a
One-Month Index Maturity and in an amount of not less than $1,000,000, are
offered by the Reference Banks at approximately 11:00 a.m., London time, on that
day to prime banks in the London interbank market. The Indenture Trustee shall
request the principal London office of each of the Reference Banks to provide a
quotation of its rate. If at least two (2) such quotations are provided,
One-Month LIBOR for that LIBOR Determination Date shall be the arithmetic mean
of the quotations. If fewer than two (2) quotations are provided as requested,
One-Month LIBOR for that LIBOR Determination Date will be the arithmetic mean of
the rates quoted by major banks in New York City, selected by the Servicer, at
approximately 11:00 a.m., New York City time, on that day for loans in United
States dollars to leading European banks and in an amount of not less than U.S.
$1,000,000; provided, that, if the banks selected by the Servicer are not
quoting such rates, One-Month LIBOR in effect for the applicable Interest Period
will be the same as One-Month LIBOR for the immediately preceding Interest
Period.

      (b) The Note Interest Rate applicable to the then current and the
immediately preceding Interest Periods may be obtained by telephoning the
Indenture Trustee at its corporate trust office at (800) 735-7777 or such other
telephone number as shall be designated by the Indenture Trustee for such
purpose by prior written notice by the Indenture Trustee to each Noteholder from
time to time.

      (c) On each LIBOR Determination Date, the Indenture Trustee shall send to
the Transferor, by facsimile transmission, notification of One-Month LIBOR for
the following Interest Period.

                                      - 7 -
<PAGE>

      Section 2.04 Required Deposits of Available Principal Collections to the
Principal Funding Account; Payment of Principal. With respect to any Payment
Date, the amount to be deposited in the Principal Funding Sub-Account pursuant
to Section 4.16 of the AdvantaSeries Indenture Supplement will be the amount
determined pursuant to clause (a), (b), (c) or (d) below for such Payment Date,
as applicable, or if more than one such clause is applicable, the highest amount
determined pursuant to any one of such clauses; provided, however, in no case
shall the amount required to be deposited exceed the Class A(200[o]-[o])
Adjusted Invested Amount (calculated immediately before giving effect to such
deposit but after giving effect to any Investor Charge-Offs and any
reallocations of principal on such date).

      (a) Revolving Period. On each Payment Date during the Revolving Period,
the required deposit to the Principal Funding Sub-Account for the Class
A(200[o]-[o]) Notes will be zero.

      (b) Accumulation Period. On each Payment Date during the Accumulation
Period, the required deposit to the Principal Funding Sub-Account for the Class
A(200[o]-[o]) Notes will be the Accumulation Deposit Amount for such Payment
Date. The Accumulation Period is scheduled to commence at the close of business
on [o] [o], [o]; provided, however, that, if the Accumulation Period Length is
less than 8 months, the date on which the Accumulation Period actually commences
will be delayed to the first Business Day of the month that is the number of
whole months prior to the Expected Final Principal Payment Date which is at
least equal to the Accumulation Period Length and, as a result, the number of
Monthly Periods in the Accumulation Period will at least equal the Accumulation
Period Length. On the Determination Date [twelve (12)] months prior to the
Expected Final Principal Payment Date and each Determination Date thereafter
until the Accumulation Period begins, the Servicer shall determine the
Accumulation Period Length.

      (c) Early Amortization Period. On each Payment Date during an Early
Amortization Period, the required deposit to the Principal Funding Sub-Account
for the Class A(200[o]-[o]) Notes will be the Adjusted Invested Amount for the
Class A(200[o]-[o]) Notes as of the close of business on the last day of the
preceding Monthly Period (after taking into account any reductions or increases
occurring on such date).

      (d) Coverage Funding of the Principal Funding Account of Senior Classes.
If the Transferor determines as of the end of the related Monthly Period that,
after giving effect to all allocations and payments with respect to that Monthly
Period, the Coverage Funding Required Amount of the Class A(200[o]-[o]) Notes
will be greater than zero, the required deposit to the Principal Funding
Sub-Account for the Class A(200[o]-[o]) Notes will be the Coverage Funding
Required Amount for such Class A(200[o]-[o]) Notes.

      (e) On each Principal Payment Date, the Indenture Trustee, acting in
accordance with written instructions from the Servicer, shall withdraw from the
Principal Funding Sub-Account for the Class A(200[o]-[o]) Notes and distribute
to the Paying Agent for payment to the Class A(200[o]-[o]) Noteholders the
amounts deposited into the Principal Funding Sub-Account for the Class
A(200[o]-[o]) Notes pursuant to this Section 2.04.

      Section 2.05 Holders' Rights to Payments of Interest and Principal.

                                     - 8 -
<PAGE>

      (a) Any installment of interest or principal, if any, payable on any Class
A(200[o]-[o]) Note which is punctually paid or duly provided for by the Issuer
and the Indenture Trustee on the applicable Interest Payment Date or Principal
Payment Date shall be paid by the Paying Agent to the Person in whose name such
Class A(200[o]-[o]) Note (or one or more Predecessor Notes) is registered on the
Record Date, by wire transfer of immediately available funds to such Person's
account as has been designated by written instructions received by the Paying
Agent from such Person not later than the close of business on the third
Business Day preceding the date of payment or, if no such account has been so
designated, by check mailed first-class, postage prepaid to such Person's
address as it appears on the Note Register on such Record Date, except that with
respect to Notes registered on the Record Date in the name of the nominee of
Cede & Co., payment shall be made by wire transfer in immediately available
funds to the account designated by such nominee.

      (b) The right of the Class A(200[o]-[o]) Noteholders to receive payments
from the Issuer will terminate on the first Business Day following the Class
A(200[o]-[o]) Termination Date.

      Section 2.06 Cash Collateral Account. In accordance with Section 4.22 of
the AdvantaSeries Indenture Supplement, on or prior to the Closing Date, the
Transferor shall deposit, cause to be deposited or maintain funds in the Cash
Collateral Account such that after such deposit the Available Cash Collateral
Account Amount is equal to the Required Cash Collateral Account Amount.

      Section 2.07 Delivery and Payment for the Class A(200[o]-[o]) Notes; Form
and Denomination.

      (a) The Issuer shall execute and issue, and the Indenture Trustee shall
authenticate, the Class A(200[o]-[o]) Notes in accordance with Section 2.03 of
the Indenture. The Indenture Trustee shall deliver the Class A(200[o]-[o]) Notes
to or upon the order of the Issuer when so authenticated. The Class
A(200[o]-[o]) Notes shall be Book-Entry Notes.

      (b) The Depository for the Class A (200[o]-[o]) Notes shall be The
Depository Trust Company, and the Class A(200[o]-[o]) Notes shall initially be
registered in the name of Cede & Co., its nominee.

      (c) The Class A(200[o]-[o]) Notes will be issued in minimum denominations
of $[o] and integral multiples of that amount.

      Section 2.08 Manner of Payment of Class A(200[o]-[o]) Notes. Except as
provided in Section 11.02 of the Indenture with respect to a final distribution,
distributions to Class A(200[o]-[o]) Noteholders hereunder shall be made by (i)
check mailed to each Class A(200[o]-[o]) Noteholder (at such Noteholder's
address as it appears in the Note Register), except that with respect to any
Class A(200[o]-[o]) Notes registered in the name of the nominee of a Clearing
Agency, such payment shall be made in immediately available funds and (ii)
without presentation or surrender of any Class A(200[o]-[o]) Note or the making
of any notation thereon.

                                      - 9 -
<PAGE>

      Section 2.09 Monthly Servicing Fee. In accordance with Section 3.01(a) of
the AdvantaSeries Indenture Supplement, with respect to the [o] [o], [o] Payment
Date, the AdvantaSeries Monthly Servicing Fee allocated to the Class
A(200[o]-[o]) Notes shall be $[o].

                               [END OF ARTICLE II]

                                     - 10 -
<PAGE>

      IN WITNESS WHEREOF, the undersigned have caused this Terms Document to be
duly executed and delivered by their respective duly authorized officers on the
day and year first above written.

                                           WILMINGTON TRUST COMPANY,
                                              as Owner Trustee of
                                           ADVANTA BUSINESS CARD MASTER TRUST

                                           By: _________________________________
                                           Name:
                                           Title:

                                           DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                              as Indenture Trustee

                                           By: _________________________________
                                           Name:
                                           Title:

             [Signature Page to Class A(200[o]-[o]) Terms Document]

                                     - 11 -
<PAGE>

                                                                     EXHIBIT E-2

                         FORM OF CLASS B TERMS DOCUMENT

================================================================================

                       ADVANTA BUSINESS CARD MASTER TRUST

                                    as Issuer

                                       and

                      DEUTSCHE BANK TRUST COMPANY AMERICAS

                              as Indenture Trustee

                       CLASS B(200[o]-[o]) TERMS DOCUMENT

                            dated as of [o] [o], [o]

                                       to

                       ADVANTASERIES INDENTURE SUPPLEMENT

                          dated as of November 1, 2004

                                       to

                                    INDENTURE

                           dated as of August 1, 2000

================================================================================

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                              PAGE
<S>                                                                                                           <C>
ARTICLE I
Creation of the AdvantaSeries Notes
     Section 1.01     Designation..........................................................................      1
     Section 1.02     General Terms of the AdvantaSeries, Class or Tranche of Notes........................      1
     Section 1.03     New Issuance of Notes................................................................      3

ARTICLE I
Definitions and Other Provisions of General Application
     Section 1.01     Definitions..........................................................................      3
     Section 1.02     Governing Law........................................................................      6
     Section 1.03     Counterparts.........................................................................      6
     Section 1.04     Ratification of Indenture and AdvantaSeries Indenture Supplement.
                        construed as one and the same instrument...........................................      6

ARTICLE II
The Class A(200[o]-[o]) Notes
     Section 2.01     Creation and Designation.............................................................      7
     Section 2.02     Interest Payment.....................................................................      7
     Section 2.03     Determination of One-Month LIBOR.....................................................      7
     Section 2.04     Required Deposits of Available Principal Collections to the Principal
                        Funding Account; Payment of Principal.  ...........................................      8
     Section 2.05     Holders' Rights to Payments of Interest and Principal................................      8
     Section 2.06     Cash Collateral Account..............................................................      9
     Section 2.07     Delivery and Payment for the Class A(200[o]-[o]) Notes; Form and
                        Denomination.......................................................................      9
     Section 2.08     Manner of Payment of Class A(200[o]-[o]) Notes.......................................      9
     Section 2.09     Monthly Servicing Fee................................................................     10
</TABLE>

                                     - 2 -
<PAGE>

      CLASS B(200[o]-[o]) TERMS DOCUMENT, dated as of [o] [o], [o] (the "TERMS
DOCUMENT"), between WILMINGTON TRUST COMPANY, as Owner Trustee of ADVANTA
BUSINESS CARD MASTER TRUST, a common law trust organized and existing under the
laws of the State of Delaware (herein, the "ISSUER" or the "TRUST"), and
DEUTSCHE BANK TRUST COMPANY AMERICAS (formerly known as Bankers Trust Company),
a banking corporation organized and existing under the laws of the State of New
York, not in its individual capacity, but solely as indenture trustee (herein,
together with its successors in the trusts thereunder as provided in the Master
Indenture, the "INDENTURE TRUSTEE") under the Master Indenture, dated as of
August 1, 2000 (the "INDENTURE") between the Issuer and the Indenture Trustee.
This Terms Document supplements the AdvantaSeries Indenture Supplement, dated as
of NOVEMBER 1, 2004 (the "ADVANTASERIES INDENTURE SUPPLEMENT") between the
Issuer and the Indenture Trustee, which supplements the Indenture.

      Pursuant to this Terms Document, the Issuer shall create a new tranche of
Class B Notes and shall specify the principal terms thereof.

                                    ARTICLE I
             Definitions and Other Provisions of General Application

      Section 1.01 Definitions. For all purposes of this Terms Document, except
as otherwise expressly provided or unless the context otherwise requires:

            (1) the terms defined in this Article have the meanings assigned to
them in this Article, and include the plural as well as the singular;

            (2) all other terms used herein which are defined in the
AdvantaSeries Indenture Supplement or the Indenture, either directly or by
reference therein, have the meanings assigned to them therein;

            (3) all accounting terms not otherwise defined herein have the
meanings assigned to them in accordance with generally accepted accounting
principles and, except as otherwise herein expressly provided, the term
"generally accepted accounting principles" with respect to any computation
required or permitted hereunder means such accounting principles as are
generally accepted in the United States of America at the date of such
computation;

            (4) all references in this Terms Document to designated "Articles,"
"Sections" and other subdivisions are to the designated Articles, Sections and
other subdivisions of this Terms Document;

            (5) the words "herein," "hereof" and "hereunder" and other words of
similar import refer to this Terms Document as a whole and not to any particular
Article, Section or other subdivision;

            (6) in the event that any term or provision contained herein shall
conflict with or be inconsistent with any term or provision contained in the
AdvantaSeries Indenture Supplement, the Indenture or the Transfer and Servicing
Agreement, the terms and provisions of this Terms Document shall be controlling;

                                     - 3 -
<PAGE>

            (7) each capitalized term defined herein shall relate only to the
Class B(200[o]-[o]) Notes and no other Tranche of Notes issued by the Issuer;
and

            (8) "including" and words of similar import will be deemed to be
followed by "without limitation."

      "Accumulation Amount" shall mean, for any Payment Date occurring during
the Accumulation Period, $[o]; provided, however, that if the Accumulation
Period Length is determined to be less than 8 months pursuant to subsection
2.04(a), the Accumulation Amount for each Payment Date with respect to the
Accumulation Period will be equal to (i) the Outstanding Principal Balance of
the Class B(200[o]-[o]) Notes divided by (ii) the Accumulation Period Length.

      "Accumulation Deposit Amount" means, for any Payment Date occurring during
the Accumulation Period, an amount equal to the sum of the Accumulation Amount
for such Payment Date and any existing Accumulation Shortfall.

      "Accumulation Period" shall mean, unless a Pay Out Event shall have
occurred prior thereto, the period commencing at the close of business on [o]
[o], [o], or such later date as is determined in accordance with subsection
2.04(a), and ending on the first to occur of (a) the commencement of the Early
Amortization Period, (b) the payment in full of the Outstanding Principal
Balance of the Class B(200[o]-[o]) Notes and (c) the Class B(200[o]-[o]) Final
Maturity Date.

      "Accumulation Period Factor" shall mean, for the purpose of calculating
the Accumulation Period Length for the Class B(200[o]-[o]) Notes, with respect
to any Monthly Period, a fraction, the numerator of which is equal to the sum of
the initial invested amounts (or, if no initial invested amount is defined in
the applicable Indenture Supplement, then the initial principal balance) of all
outstanding Series, and the denominator of which is equal to the sum of (a) the
Initial Principal Balance of Class B(200[o]-[o]) Notes, (b) the initial invested
amounts (or, if no initial invested amount is defined in the applicable
Indenture Supplement, then the initial principal balance) of all other
Outstanding Classes and Tranches (without duplication) (other than the
AdvantaSeries Class B(200[o]-[o]) Notes) which are not expected to be in their
revolving periods, and (c) the initial invested amounts (or, if no initial
invested amount is defined in the applicable Indenture Supplement, then the
initial principal balance) of all other Outstanding Classes and Tranches
(without duplication) (other than the AdvantaSeries Class B(200[o][o]) Notes)
which are not allocating Shared Principal Collections to other Series and are in
their revolving periods; provided, however, that this definition may be changed
at any time if the Rating Agency Condition is satisfied.

      "Accumulation Period Length" means the number of whole months such that
the sum of the Accumulation Period Factors for each month during such period
will be equal to or greater than the Required Accumulation Factor Number;
provided, however, that the Accumulation Period Length will not be determined to
be less than one month; provided further, however, that the determination of the
Accumulation Period Length may be changed at any time if the Rating Agency
Condition is satisfied.

                                     - 4 -
<PAGE>

      "Accumulation Shortfall" shall mean (a) on the first Payment Date during
the Accumulation Period, zero and (b) on each subsequent Payment Date during the
Accumulation Period, the excess, if any, of the Accumulation Deposit Amount for
the previous Payment Date over the amount deposited into the Principal Funding
Account pursuant to Section 2.04(b) for the previous Principal Payment Date.

      "AdvantaSeries Indenture Supplement" means the AdvantaSeries Indenture
Supplement dated as of NOVEMBER 1, 2004, by and between the Issuer and the
Indenture Trustee, as amended and supplemented from time to time.

      "Class B(200[o]-[o]) Final Maturity Date" means [o] [o], [o].

      "Class B(200[o]-[o]) Note" means any Note substantially in the form set
forth in Exhibit A-2 to the AdvantaSeries Indenture Supplement, designated
therein as a Class B(200[o]-[o]) Note and duly executed and authenticated in
accordance with the Indenture.

      "Class B(200[o]-[o]) Noteholder" means a Person in whose name a Class
B(200[o]-[o]) Note is registered in the Note Register.

      "Class B(200[o]-[o]) Termination Date" means the earliest to occur of (a)
the Principal Payment Date on which the Outstanding Principal Balance of the
Class B(200[o]-[o]) Notes is paid in full, (b) the Class B(200[o]-[o]) Final
Maturity Date and (c) the date on which the Indenture is discharged and
satisfied pursuant to Article XI thereof.

      "Closing Date" means [o] [o], [o].

      "Expected Final Principal Payment Date" means [o] [o], [o].

      "Initial Principal Balance" means $[o].

      "Indenture" means the Indenture dated as of August 1, 2000, by and between
the Issuer and the Indenture Trustee, as amended and supplemented from time to
time.

      "Interest Payment Date" means the scheduled due date of any payment of
interest on the Class B(200[o]-[o]) Notes, which shall be each Payment Date. The
first Interest Payment Date shall be [o] [o], [o].

      "LIBOR Determination Date" shall mean (a) with respect to the first
Interest Payment Date, (i) [o] [o], [o] for the period from and including the
Closing Date through and including [o] [o], [o] and (ii) [o] [o], [o] for the
period from and including [o] [o], [o] through and including [o] [o], [o] and
(b) with respect to any Interest Payment Date after the first Interest Payment
Date, the second London Business Day prior to the commencement of the second and
each subsequent Interest Period.

      "London Business Day" means any Business Day on which dealings in deposits
in United States Dollars are transacted in the London interbank market.

                                     - 5 -
<PAGE>

      "Note Interest Rate" means a rate per annum equal to [[o]% in excess of
LIBOR as determined by the Indenture Trustee on the related LIBOR Determination
Date with respect to each Interest Period] [[o]% per year].

      "One-Month Index Maturity" means a maturity of one month commencing on the
related LIBOR Determination Date.

      "One-Month LIBOR" means, for any Interest Period, the London interbank
offered rate for one month United States dollar deposits determined by the
Indenture Trustee on the LIBOR Determination Date for such Interest Period in
accordance with the provisions of Section 2.03.

      "Paying Agent" means Deutsche Bank Trust Company Americas.

      "Reference Banks" means three major banks in the London interbank market
selected by the Servicer.

      "Required Accumulation Factor Number" shall be equal to a fraction,
rounded upwards to the nearest whole number, the numerator of which is one and
the denominator of which is equal to the lowest monthly principal payment rate
on the Accounts, expressed as a decimal, for the twelve months preceding the
date of such calculation; provided, however, that this definition may be changed
at any time if the Rating Agency Condition is satisfied.

      "Telerate Page 3750" means the display page currently so designated on the
Moneyline Telerate Service (or such other page as may replace that page on that
service for the purpose of displaying comparable rates or prices).

      Section 1.02 Governing Law. THIS TERMS DOCUMENT WILL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, INCLUDING
SECTION 5-1401 OF THE GENERAL OBLIGATION LAW, WITHOUT REFERENCE TO ITS CONFLICT
OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      Section 1.03 Counterparts. This Terms Document may be executed in any
number of counterparts, each of which so executed will be deemed to be an
original, but all such counterparts will together constitute but one and the
same instrument.

      Section 1.04 Ratification of Indenture and AdvantaSeries Indenture
Supplement. As supplemented by this Terms Document, each of the Indenture and
the AdvantaSeries Indenture Supplement is in all respects ratified and confirmed
and the Indenture as so supplemented by the AdvantaSeries Indenture Supplement
and this Terms Document shall be read, taken and construed as one and the same
instrument.

                               [END OF ARTICLE I]

                                     - 6 -
<PAGE>

                                   ARTICLE II
                          The Class B(200[o]-[o]) Notes

      Section 2.01 Creation and Designation. There is hereby created a tranche
of Class B Notes to be issued pursuant to the Indenture and the AdvantaSeries
Indenture Supplement to be known as the "AdvantaSeries Class B(200[o]-[o])
Notes."

      Section 2.02 Interest Payment. For each Interest Payment Date, the amount
of interest due and payable with respect to the Class B(200[o]-[o]) Notes shall
be an amount equal to the product of (i) (A) a fraction, the numerator of which
is the actual number of days in the related Interest Period and the denominator
of which is 360, multiplied by (B) the Note Interest Rate [in effect with
respect to the related Interest Period], multiplied by (ii) the Outstanding
Principal Balance of the Class B(200[o]-[o]) Notes determined as of the Record
Date preceding the related Interest Payment Date. Any interest on the Class
B(200[o]-[o]) Notes will be calculated on the basis of the actual number of days
in the related Interest Period and a 360-day year.

      Section 2.03 Determination of One-Month LIBOR.

      (a) On each LIBOR Determination Date, the Indenture Trustee shall
determine One-Month LIBOR on the basis of the rate for deposits in United States
dollars having a One-Month Index Maturity which appears on Telerate Page 3750 as
of 11:00 a.m., London time, on such date. If such rate does not appear on
Telerate Page 3750, One-Month LIBOR for that LIBOR Determination Date shall be
determined on the basis of the rates at which deposits in United States dollars,
having a One-Month Index Maturity and in an amount of not less than $1,000,000,
are offered by the Reference Banks at approximately 11:00 a.m., London time, on
that day to prime banks in the London interbank market. The Indenture Trustee
shall request the principal London office of each of the Reference Banks to
provide a quotation of its rate. If at least two (2) such quotations are
provided, One-Month LIBOR for that LIBOR Determination Date shall be the
arithmetic mean of the quotations. If fewer than two (2) quotations are provided
as requested, One-Month LIBOR for that LIBOR Determination Date will be the
arithmetic mean of the rates quoted by major banks in New York City, selected by
the Servicer, at approximately 11:00 a.m., New York City time, on that day for
loans in United States dollars to leading European banks having a One-Month
Index Maturity and in an amount of not less than U.S. $1,000,000; provided,
that, if the banks selected by the Servicer are not quoting such rates,
One-Month LIBOR in effect for the applicable Interest Period will be the same as
One-Month LIBOR for the immediately preceding Interest Period.

      (b) The Note Interest Rate applicable to the then current and the
immediately preceding Interest Periods may be obtained by telephoning the
Indenture Trustee at its corporate trust office at (800) 735-7777 or such other
telephone number as shall be designated by the Indenture Trustee for such
purpose by prior written notice by the Indenture Trustee to each Noteholder from
time to time.

      (c) On each LIBOR Determination Date, the Indenture Trustee shall send to
the Transferor, by facsimile transmission, notification of One-Month LIBOR for
the following Interest Period.

                                      - 7 -
<PAGE>

      Section 2.04 Required Deposits of Available Principal Collections to the
Principal Funding Account; Payment of Principal. With respect to any Payment
Date, the amount to be deposited in the Principal Funding Sub-Account pursuant
to Section 4.16 of the AdvantaSeries Indenture Supplement will be the amount
determined pursuant to clause (a), (b), (c) or (d) below for such Payment Date,
as applicable, or if more than one such clause is applicable, the highest amount
determined pursuant to any one of such clauses; provided, however, in no case
shall the amount required to be deposited exceed the Class B(200[o]-[o])
Adjusted Invested Amount (calculated immediately before giving effect to such
deposit but after giving effect to any Investor Charge-Offs and any
reallocations of principal on such date).

      (a) Revolving Period. On each Payment Date during the Revolving Period,
the required deposit to the Principal Funding Sub-Account for the Class
B(200[o]-[o]) Notes will be zero.

      (b) Accumulation Period. On each Payment Date during the Accumulation
Period, the required deposit to the Principal Funding Sub-Account for the Class
B(200[o]-[o]) Notes will be the Accumulation Deposit Amount for such Payment
Date. The Accumulation Period is scheduled to commence at the close of business
on [o] [o], [o]; provided, however, that, if the Accumulation Period Length is
less than 8 months, the date on which the Accumulation Period actually commences
will be delayed to the first Business Day of the month that is the number of
whole months prior to the Expected Final Principal Payment Date which is at
least equal to the Accumulation Period Length and, as a result, the number of
Monthly Periods in the Accumulation Period will at least equal the Accumulation
Period Length. On the Determination Date [twelve (12)] months prior to the
Expected Final Principal Payment Date and each Determination Date thereafter
until the Accumulation Period begins, the Servicer shall determine the
Accumulation Period Length.

      (c) Early Amortization Period. On each Payment Date during an Early
Amortization Period, the required deposit to the Principal Funding Sub-Account
for the Class B(200[o]-[o]) Notes will be the Adjusted Invested Amount for the
Class B(200[o]-[o]) Notes as of the close of business on the last day of the
preceding Monthly Period (after taking into account any reductions or increases
occurring on such date).

      (d) Coverage Funding of the Principal Funding Account of Senior Classes.
If the Transferor determines as of the end of the related Monthly Period that,
after giving effect to all allocations and payments with respect to that Monthly
Period, the Coverage Funding Required Amount of the Class B(200[o]-[o]) Notes
will be greater than zero, the required deposit to the Principal Funding
Sub-Account for the Class B(200[o]-[o]) Notes will be the Coverage Funding
Required Amount for such Class B(200[o]-[o]) Notes.

      (e) On each Principal Payment Date, the Indenture Trustee, acting in
accordance with written instructions from the Servicer, shall withdraw from the
Principal Funding Sub-Account for the Class B(200[o]-[o]) Notes and distribute
to the Paying Agent for payment to the Class B(200[o]-[o]) Noteholders the
amounts deposited into the Principal Funding Sub-Account for the Class
B(200[o]-[o]) Notes pursuant to this Section 2.04.

      Section 2.05 Holders' Rights to Payments of Interest and Principal.

                                      - 8 -
<PAGE>

      (a) Any installment of interest or principal, if any, payable on any Class
B(200[o]-[o]) Note which is punctually paid or duly provided for by the Issuer
and the Indenture Trustee on the applicable Interest Payment Date or Principal
Payment Date shall be paid by the Paying Agent to the Person in whose name such
Class B(200[o]-[o]) Note (or one or more Predecessor Notes) is registered on the
Record Date, by wire transfer of immediately available funds to such Person's
account as has been designated by written instructions received by the Paying
Agent from such Person not later than the close of business on the third
Business Day preceding the date of payment or, if no such account has been so
designated, by check mailed first-class, postage prepaid to such Person's
address as it appears on the Note Register on such Record Date, except that with
respect to Notes registered on the Record Date in the name of the nominee of
Cede & Co., payment shall be made by wire transfer in immediately available
funds to the account designated by such nominee.

      (b) The right of the Class B(200[o]-[o]) Noteholders to receive payments
from the Issuer will terminate on the first Business Day following the Class
B(200[o]-[o]) Termination Date.

      Section 2.06 Cash Collateral Account. In accordance with Section 4.22 of
the AdvantaSeries Indenture Supplement, on or prior to the Closing Date, the
Transferor shall deposit, cause to be deposited or maintain funds in the Cash
Collateral Account such that after such deposit the Available Cash Collateral
Account Amount is equal to the Required Cash Collateral Account Amount.

      Section 2.07 Delivery and Payment for the Class B(200[o]-[o]) Notes; Form
and Denomination.

      (a) The Issuer shall execute and issue, and the Indenture Trustee shall
authenticate, the Class B(200[o]-[o]) Notes in accordance with Section 2.03 of
the Indenture. The Indenture Trustee shall deliver the Class B(200[o]-[o]) Notes
to or upon the order of the Issuer when so authenticated. The Class
B(200[o]-[o]) Notes shall be Book-Entry Notes.

      (b) The Depository for the Class B(200[o]-[o]) Notes shall be The
Depository Trust Company, and the Class B(200[o]-[o]) Notes shall initially be
registered in the name of Cede & Co., its nominee.

      (c) The Class B(200[o]-[o]) Notes will be issued in minimum denominations
of $[o] and integral multiples of that amount.

      Section 2.08 Manner of Payment of Class B(200[o]-[o]) Notes. Except as
provided in Section 11.02 of the Indenture with respect to a final distribution,
distributions to Class B(200[o]-[o]) Noteholders hereunder shall be made by (i)
check mailed to each Class B(200[o]-[o]) Noteholder (at such Noteholder's
address as it appears in the Note Register), except that with respect to any
Class B(200[o]-[o]) Notes registered in the name of the nominee of a Clearing
Agency, such payment shall be made in immediately available funds and (ii)
without presentation or surrender of any Class B(200[o]-[o]) Note or the making
of any notation thereon.

                                      - 9 -
<PAGE>

      Section 2.09 Monthly Servicing Fee. In accordance with Section 3.01(a) of
the AdvantaSeries Indenture Supplement, with respect to the __________, 20__
Payment Date, the AdvantaSeries Monthly Servicing Fee allocated to the Class
B(200[o]-[o]) Notes shall be $[o].

                               [END OF ARTICLE II]

                                     - 10 -
<PAGE>

      IN WITNESS WHEREOF, the undersigned have caused this Terms Document to be
duly executed and delivered by their respective duly authorized officers on the
day and year first above written.

                                           WILMINGTON TRUST COMPANY,
                                              as Owner Trustee of
                                           ADVANTA BUSINESS CARD MASTER TRUST

                                           By: _________________________________
                                           Name:
                                           Title:

                                           DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                              as Indenture Trustee

                                           By: _________________________________
                                           Name:
                                           Title:

             [Signature Page to Class B(200[o]-[o]) Terms Document]

                                     - 11 -
<PAGE>

                                                                     EXHIBIT E-3

                         FORM OF CLASS C TERMS DOCUMENT

================================================================================

                       ADVANTA BUSINESS CARD MASTER TRUST

                                    as Issuer

                                       and

                      DEUTSCHE BANK TRUST COMPANY AMERICAS

                              as Indenture Trustee

                       CLASS C(200[o]-[o]) TERMS DOCUMENT

                            dated as of [o] [o], [o]

                                       to

                       ADVANTASERIES INDENTURE SUPPLEMENT

                          dated as of November 1, 2004

                                       to

                                    INDENTURE

                           dated as of August 1, 2000

================================================================================

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>                                                                                                            <C>
                                                     ARTICLE I
                              Definitions and Other Provisions of General Application

Section 1.01     Definitions................................................................................      3

Section 1.02     Governing Law..............................................................................      6

Section 1.03     Counterparts...............................................................................      6

Section 1.04     Ratification of Indenture and AdvantaSeries Indenture Supplement...........................      6

                                                    ARTICLE II
                                           The Class C(200[o]-[o]) Notes

Section 2.01     Creation and Designation...................................................................      7

Section 2.02     Interest Payment...........................................................................      7

Section 2.03     Determination of One-Month LIBOR...........................................................      7

Section 2.04     Required Deposits of Available Principal Collections to the Principal Funding Account;
                        Payment of Principal................................................................      8

Section 2.05     Holders' Rights to Payments of Interest and Principal......................................      8

Section 2.06     Cash Collateral Account....................................................................      9

Section 2.07     Delivery and Payment for the Class C(200[o]-[o]) Notes; Form and
                        Denomination........................................................................      9

Section 2.08     Manner of Payment of Class C(200[o]-[o]) Notes.............................................      9

Section 2.09     Monthly Servicing Fee......................................................................     10
</TABLE>

                                     - 2 -
<PAGE>

      CLASS C(200[o]-[o]) TERMS DOCUMENT, dated as of [o] [o], [o] (the "TERMS
DOCUMENT"), between WILMINGTON TRUST COMPANY, as Owner Trustee of ADVANTA
BUSINESS CARD MASTER TRUST, a common law trust organized and existing under the
laws of the State of Delaware (herein, the "ISSUER" or the "TRUST"), and
DEUTSCHE BANK TRUST COMPANY AMERICAS (formerly known as Bankers Trust Company),
a banking corporation organized and existing under the laws of the State of New
York, not in its individual capacity, but solely as indenture trustee (herein,
together with its successors in the trusts thereunder as provided in the Master
Indenture, the "INDENTURE TRUSTEE") under the Master Indenture, dated as of
August 1, 2000 (the "INDENTURE") between the Issuer and the Indenture Trustee.
This Terms Document supplements the AdvantaSeries Indenture Supplement, dated as
of NOVEMBER 1, 2004 (the "ADVANTASERIES INDENTURE SUPPLEMENT"), between the
Issuer and the Indenture Trustee, which supplements the Master Indenture.

      Pursuant to this Terms Document, the Issuer shall create a new tranche of
Class C Notes and shall specify the principal terms thereof.

                                    ARTICLE I
             Definitions and Other Provisions of General Application

      Section 1.01 Definitions. For all purposes of this Terms Document, except
as otherwise expressly provided or unless the context otherwise requires:

            (1) the terms defined in this Article have the meanings assigned to
them in this Article, and include the plural as well as the singular;

            (2) all other terms used herein which are defined in the
AdvantaSeries Indenture Supplement or the Indenture, either directly or by
reference therein, have the meanings assigned to them therein;

            (3) all accounting terms not otherwise defined herein have the
meanings assigned to them in accordance with generally accepted accounting
principles and, except as otherwise herein expressly provided, the term
"generally accepted accounting principles" with respect to any computation
required or permitted hereunder means such accounting principles as are
generally accepted in the United States of America at the date of such
computation;

            (4) all references in this Terms Document to designated "Articles,"
"Sections" and other subdivisions are to the designated Articles, Sections and
other subdivisions of this Terms Document;

            (5) the words "herein," "hereof" and "hereunder" and other words of
similar import refer to this Terms Document as a whole and not to any particular
Article, Section or other subdivision;

            (6) in the event that any term or provision contained herein shall
conflict with or be inconsistent with any term or provision contained in the
AdvantaSeries Indenture Supplement, the Indenture or the Transfer and Servicing
Agreement, the terms and provisions of this Terms Document shall be controlling;

                                     - 3 -
<PAGE>

            (7) each capitalized term defined herein shall relate only to the
Class C(200[o]-[o]) Notes and no other Tranche of Notes issued by the Issuer;
and

            (8) "including" and words of similar import will be deemed to be
followed by "without limitation."

      "Accumulation Amount" shall mean, for any Payment Date occurring during
the Accumulation Period, $[o]; provided, however, that if the Accumulation
Period Length is determined to be less than 8 months pursuant to subsection
2.04(a), the Accumulation Amount for each Payment Date with respect to the
Accumulation Period will be equal to (i) the Outstanding Principal Balance of
the Class C(200[o]-[o]) Notes divided by (ii) the Accumulation Period Length.

      "Accumulation Deposit Amount" means, for any Payment Date occurring during
the Accumulation Period, an amount equal to the sum of the Accumulation Amount
for such Payment Date and any existing Accumulation Shortfall.

      "Accumulation Period" shall mean, unless a Pay Out Event shall have
occurred prior thereto, the period commencing at the close of business on [o]
[o], [o] or such later date as is determined in accordance with subsection
2.04(a), and ending on the first to occur of (a) the commencement of the Early
Amortization Period, (b)the payment in full of the Outstanding Principal Balance
of the Class C(200[o]-[o]) Notes and (c) the Class C(200[o]-[o]) Final Maturity
Date.

      "Accumulation Period Factor" shall mean, for the purpose of calculating
the Accumulation Period Length for the Class C(200[o]-[o]) Notes, with respect
to any Monthly Period, a fraction, the numerator of which is equal to the sum of
the initial invested amounts (or, if no initial invested amount is defined in
the applicable Indenture Supplement, then the initial principal balance) of all
outstanding Series, and the denominator of which is equal to the sum of (a) the
Initial Principal Balance of Class C(200[o]-[o]) Notes, (b) the initial invested
amounts (or, if no initial invested amount is defined in the applicable
Indenture Supplement, then the initial principal balance) of all other
Outstanding Classes and Tranches (without duplication) (other than the
AdvantaSeries Class C(200[o]-[o]) Notes) which are not expected to be in their
revolving periods, and (c) the initial invested amounts (or, if no initial
invested amount is defined in the applicable Indenture Supplement, then the
initial principal balance) of all other Outstanding Classes and Tranches
(without duplication) (other than the AdvantaSeries Class C(200[o][o]) Notes)
which are not allocating Shared Principal Collections to other Series and are in
their revolving periods; provided, however, that this definition may be changed
at any time if the Rating Agency Condition is satisfied.

      "Accumulation Period Length" means the number of whole months such that
the sum of the Accumulation Period Factors for each month during such period
will be equal to or greater than the Required Accumulation Factor Number;
provided, however, that the Accumulation Period Length will not be determined to
be less than one month; provided further, however, that the determination of the
Accumulation Period Length may be changed at any time if the Rating Agency
Condition is satisfied.

                                     - 4 -
<PAGE>

      "Accumulation Shortfall" shall mean (a) on the first Payment Date during
the Accumulation Period, zero and (b) on each subsequent Payment Date during the
Accumulation Period, the excess, if any, of the Accumulation Deposit Amount for
the previous Payment Date over the amount deposited into the Principal Funding
Account pursuant to Section 2.04(b) for the previous Payment Date.

      "AdvantaSeries Indenture Supplement" means the AdvantaSeries Indenture
Supplement dated as of NOVEMBER 1, 2004, by and between the Issuer and the
Indenture Trustee, as amended and supplemented from time to time.

      "Class C(200[o]-[o]) Final Maturity Date" means [o] [o], [o].

      "Class C(200[o]-[o]) Note" means any Note substantially in the form set
forth in Exhibit A-3 to the AdvantaSeries Indenture Supplement, designated
therein as a Class C(200[o]-[o]) Note and duly executed and authenticated in
accordance with the Indenture.

      "Class C(200[o]-[o]) Noteholder" means a Person in whose name a Class
C(200[o]-[o]) Note is registered in the Note Register.

      "Class C(200[o]-[o]) Termination Date" means the earliest to occur of (a)
the Principal Payment Date on which the Outstanding Principal Balance of the
Class C(200[o]-[o]) Notes is paid in full, (b) the Class C(200[o]-[o]) Final
Maturity Date and (c) the date on which the Indenture is discharged and
satisfied pursuant to Article XI thereof.

      "Closing Date" means [o] [o], [o].

      "Expected Final Principal Payment Date" means [o] [o], [o].

      "Initial Principal Balance" means $[o].

      "Indenture" means the Indenture dated as of August 1, 2000, by and between
the Issuer and the Indenture Trustee, as amended and supplemented from time to
time.

      "Interest Payment Date" means the scheduled due date of any payment of
interest on the Class C(200[o]-[o]) Notes, which shall be each Payment Date. The
first Interest Payment Date shall be [o] [o], [o].

      "LIBOR Determination Date" shall mean (a) with respect to the first
Interest Payment Date, (i) [o] [o], [o] for the period from and including the
Closing Date through and including [o] [o], [o] and (ii) [o] [o], [o] for the
period from and including [o] [o], [o] through and including [o] [o], [o] and
(b) with respect to any Interest Payment Date after the first Interest Payment
Date, the second London Business Day prior to the commencement of the second and
each subsequent Interest Period.

      "London Business Day" means any Business Day on which dealings in deposits
in United States Dollars are transacted in the London interbank market.

                                     - 5 -
<PAGE>

      "Note Interest Rate" means a rate per annum equal to [[o]% in excess of
LIBOR as determined by the Indenture Trustee on the related LIBOR Determination
Date with respect to each Interest Period] [[o]% per year].

      "One-Month Index Maturity" means a maturity of one month commencing on the
related LIBOR Determination Date.

      "One-Month LIBOR" means, for any Interest Period, the London interbank
offered rate for one month United States dollar deposits determined by the
Indenture Trustee on the LIBOR Determination Date for such Interest Period in
accordance with the provisions of Section 2.03.

      "Paying Agent" means Deutsche Bank Trust Company Americas.

      "Reference Banks" means three major banks in the London interbank market
selected by the Servicer.

      "Required Accumulation Factor Number" shall be equal to a fraction,
rounded upwards to the nearest whole number, the numerator of which is one and
the denominator of which is equal to the lowest monthly principal payment rate
on the Accounts, expressed as a decimal, for the twelve months preceding the
date of such calculation; provided, however, that this definition may be changed
at any time if the Rating Agency Condition is satisfied.

      "Telerate Page 3750" means the display page currently so designated on the
Moneyline Telerate Service (or such other page as may replace that page on that
service for the purpose of displaying comparable rates or prices).

      Section 1.02 Governing Law. THIS TERMS DOCUMENT WILL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, INCLUDING
SECTION 5-1401 OF THE GENERAL OBLIGATION LAW, WITHOUT REFERENCE TO ITS CONFLICT
OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      Section 1.03 Counterparts. This Terms Document may be executed in any
number of counterparts, each of which so executed will be deemed to be an
original, but all such counterparts will together constitute but one and the
same instrument.

      Section 1.04 Ratification of Indenture and AdvantaSeries Indenture
Supplement. As supplemented by this Terms Document, each of the Indenture and
the AdvantaSeries Indenture Supplement is in all respects ratified and confirmed
and the Indenture as so supplemented by the AdvantaSeries Indenture Supplement
and this Terms Document shall be read, taken and construed as one and the same
instrument.

                               [END OF ARTICLE I]

                                     - 6 -
<PAGE>

                                   ARTICLE II
                          The Class C(200[o]-[o]) Notes

      Section 2.01 Creation and Designation. There is hereby created a tranche
of Class C Notes to be issued pursuant to the Indenture and the AdvantaSeries
Indenture Supplement to be known as the "AdvantaSeries Class C(200[o]-[o])
Notes."

      Section 2.02 Interest Payment. For each Interest Payment Date, the amount
of interest due and payable with respect to the Class C(200[o]-[o]) Notes shall
be an amount equal to the product of (i) (A) a fraction, the numerator of which
is the actual number of days in the related Interest Period and the denominator
of which is 360, multiplied by (B) the Note Interest Rate [in effect with
respect to the related Interest Period], multiplied by (ii) the Outstanding
Principal Balance of the Class C(200[o]-[o]) Notes determined as of the Record
Date preceding the related Interest Payment Date. Any interest on the Class
C(200[o]-[o]) Notes will be calculated on the basis of the actual number of days
in the related Interest Period and a 360-day year.

      Section 2.03 Determination of One-Month LIBOR.

      (a) On each LIBOR Determination Date, the Indenture Trustee shall
determine One-Month LIBOR on the basis of the rate for deposits in United States
dollars having a One-Month Index Maturity which appears on Telerate Page 3750 as
of 11:00 a.m., London time, on such date. If such rate does not appear on
Telerate Page 3750, One-Month LIBOR for that LIBOR Determination Date shall be
determined on the basis of the rates at which deposits in United States dollars,
having a One-Month Index Maturity and in an amount of not less than $1,000,000,
are offered by the Reference Banks at approximately 11:00 a.m., London time, on
that day to prime banks in the London interbank market. The Indenture Trustee
shall request the principal London office of each of the Reference Banks to
provide a quotation of its rate. If at least two (2) such quotations are
provided, One-Month LIBOR for that LIBOR Determination Date shall be the
arithmetic mean of the quotations. If fewer than two (2) quotations are provided
as requested, One-Month LIBOR for that LIBOR Determination Date will be the
arithmetic mean of the rates quoted by major banks in New York City, selected by
the Servicer, at approximately 11:00 a.m., New York City time, on that day for
loans in United States dollars to leading European banks having a One-Month
Index Maturity and in an amount of not less than U.S. $1,000,000; provided,
that, if the banks selected by the Servicer are not quoting such rates,
One-Month LIBOR in effect for the applicable Interest Period will be the same as
One-Month LIBOR for the immediately preceding Interest Period.

      (b) The Note Interest Rate applicable to the then current and the
immediately preceding Interest Periods may be obtained by telephoning the
Indenture Trustee at its corporate trust office at (800) 735-7777 or such other
telephone number as shall be designated by the Indenture Trustee for such
purpose by prior written notice by the Indenture Trustee to each Noteholder from
time to time.

      (c) On each LIBOR Determination Date, the Indenture Trustee shall send to
the Transferor, by facsimile transmission, notification of One-Month LIBOR for
the following Interest Period.

                                     - 7 -
<PAGE>

      Section 2.04 Required Deposits of Available Principal Collections to the
Principal Funding Account; Payment of Principal. With respect to any Payment
Date, the amount to be deposited in the Principal Funding Sub-Account pursuant
to Section 4.16 of the AdvantaSeries Indenture Supplement will be the amount
determined pursuant to clause (a), (b), (c) or (d) below for such Payment Date,
as applicable, or if more than one such clause is applicable, the highest amount
determined pursuant to any one of such clauses; provided, however, in no case
shall the amount required to be deposited exceed the Class C(200[o]-[o])
Adjusted Invested Amount (calculated immediately before giving effect to such
deposit but after giving effect to any Investor Charge-Offs and any
reallocations of principal on such date).

      (a) Revolving Period. On each Payment Date during the Revolving Period,
the required deposit to the Principal Funding Sub-Account for the Class
C(200[o]-[o]) Notes will be zero.

      (b) Accumulation Period. On each Payment Date during the Accumulation
Period, the required deposit to the Principal Funding Sub-Account for the Class
C(200[o]-[o]) Notes will be the Accumulation Deposit Amount for such Payment
Date. The Accumulation Period is scheduled to commence at the close of business
on [o] [o], [o]; provided, however, that, if the Accumulation Period Length is
less than 8 months, the date on which the Accumulation Period actually commences
will be delayed to the first Business Day of the month that is the number of
whole months prior to the Expected Final Principal Payment Date which is at
least equal to the Accumulation Period Length and, as a result, the number of
Monthly Periods in the Accumulation Period will at least equal the Accumulation
Period Length. On the Determination Date [twelve (12)] months prior to the
Expected Final Principal Payment Date and each Determination Date thereafter
until the Accumulation Period begins, the Servicer shall determine the
Accumulation Period Length.

      (c) Early Amortization Period. On each Payment Date during an Early
Amortization Period, the required deposit to the Principal Funding Sub-Account
for the Class C(200[o]-[o]) Notes will be the Adjusted Invested Amount for the
Class C(200[o]-[o]) Notes as of the close of business on the last day of the
preceding Monthly Period (after taking into account any reductions or increases
occurring on such date).

      (d) Coverage Funding of the Principal Funding Account of Senior Classes.
If the Transferor determines as of the end of the related Monthly Period that,
after giving effect to all allocations and payments with respect to that Monthly
Period, the Coverage Funding Required Amount of the Class C(200[o]-[o]) Notes
will be greater than zero, the required deposit to the Principal Funding
Sub-Account for the Class C(200[o]-[o]) Notes will be the Coverage Funding
Required Amount for such Class C(200[o]-[o]) Notes.

      (e) On each Principal Payment Date, the Indenture Trustee, acting in
accordance with written instructions from the Servicer, shall withdraw from the
Principal Funding Sub-Account for the Class C(200[o]-[o]) Notes and distribute
to the Paying Agent for payment to the Class C(200[o]-[o]) Noteholders the
amounts deposited into the Principal Funding Sub-Account for the Class
C(200[o]-[o]) Notes pursuant to this Section 2.04.

      Section 2.05 Holders' Rights to Payments of Interest and Principal.

                                     - 8 -
<PAGE>

      (a) Any installment of interest or principal, if any, payable on any Class
C(200[o]-[o]) Note which is punctually paid or duly provided for by the Issuer
and the Indenture Trustee on the applicable Interest Payment Date or Principal
Payment Date shall be paid by the Paying Agent to the Person in whose name such
Class C(200[o]-[o]) Note (or one or more Predecessor Notes) is registered on the
Record Date, by wire transfer of immediately available funds to such Person's
account as has been designated by written instructions received by the Paying
Agent from such Person not later than the close of business on the third
Business Day preceding the date of payment or, if no such account has been so
designated, by check mailed first-class, postage prepaid to such Person's
address as it appears on the Note Register on such Record Date, except that with
respect to Notes registered on the Record Date in the name of the nominee of
Cede & Co., payment shall be made by wire transfer in immediately available
funds to the account designated by such nominee.

      (b) The right of the Class C(200[o]-[o]) Noteholders to receive payments
from the Issuer will terminate on the first Business Day following the Class
C(200[o]-[o]) Termination Date.

      Section 2.06 Cash Collateral Account. In accordance with Section 4.22 of
the AdvantaSeries Indenture Supplement, on or prior to the Closing Date, the
Transferor shall deposit, cause to be deposited or maintain funds in the Cash
Collateral Account such that after such deposit the Available Cash Collateral
Account Amount is equal to the Required Cash Collateral Account Amount.

      Section 2.07 Delivery and Payment for the Class C(200[o]-[o]) Notes; Form
and Denomination.

      (a) The Issuer shall execute and issue, and the Indenture Trustee shall
authenticate, the Class C(200[o]-[o]) Notes in accordance with Section 2.03 of
the Indenture. The Indenture Trustee shall deliver the Class C(200[o]-[o]) Notes
to or upon the order of the Issuer when so authenticated. The Class
C(200[o]-[o]) Notes shall be Book-Entry Notes.

      (b) The Depository for the Class C(200[o]-[o]) Notes shall be The
Depository Trust Company, and the Class C(200[o]-[o]) Notes shall initially be
registered in the name of Cede & Co., its nominee.

      (c) The Class C(200[o]-[o]) Notes will be issued in minimum denominations
of $[o] and integral multiples of that amount.

      Section 2.08 Manner of Payment of Class C(200[o]-[o]) Notes. Except as
provided in Section 11.02 of the Indenture with respect to a final distribution,
distributions to Class C(200[o]-[o]) Noteholders hereunder shall be made by (i)
check mailed to each Class C(200[o]-[o]) Noteholder (at such Noteholder's
address as it appears in the Note Register), except that with respect to any
Class C(200[o]-[o]) Notes registered in the name of the nominee of a Clearing
Agency, such payment shall be made in immediately available funds and (ii)
without presentation or surrender of any Class C(200[o]-[o]) Note or the making
of any notation thereon.

                                     - 9 -
<PAGE>

      Section 2.09 Monthly Servicing Fee. In accordance with Section 3.01(a) of
the AdvantaSeries Indenture Supplement, with respect to the __________, 20__
Payment Date, the AdvantaSeries Monthly Servicing Fee allocated to the Class
C(200[o]-[o]) Notes shall be $[o].

                               [END OF ARTICLE II]

                                     - 10 -
<PAGE>

      IN WITNESS WHEREOF, the undersigned have caused this Terms Document to be
duly executed and delivered by their respective duly authorized officers on the
day and year first above written.

                                           WILMINGTON TRUST COMPANY,
                                              as Owner Trustee of
                                           ADVANTA BUSINESS CARD MASTER TRUST

                                           By: _________________________________
                                           Name:
                                           Title:

                                           DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                              as Indenture Trustee

                                           By: _________________________________
                                           Name:
                                           Title:

             [Signature Page to Class C(200[o]-[o]) Terms Document]

                                     - 11 -
<PAGE>

                                                                     EXHIBIT E-4

                         FORM OF CLASS D TERMS DOCUMENT

================================================================================

                       ADVANTA BUSINESS CARD MASTER TRUST

                                    as Issuer

                                       and

                      DEUTSCHE BANK TRUST COMPANY AMERICAS

                              as Indenture Trustee

                       CLASS D(200[o]-[o]) TERMS DOCUMENT

                            dated as of [o] [o], [o]

                                       to

                       ADVANTASERIES INDENTURE SUPPLEMENT

                          dated as of November 1, 2004

                                       to

                                    INDENTURE

                           dated as of August 1, 2000

================================================================================

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                               PAGE
<S>                                                                                                            <C>
                                                     ARTICLE I
                              Definitions and Other Provisions of General Application

Section 1.01     Definitions................................................................................      3

Section 1.02     Governing Law..............................................................................      6

Section 1.03     Counterparts...............................................................................      6

Section 1.04     Ratification of Indenture and AdvantaSeries Indenture Supplement...........................      6

                                                    ARTICLE II
                                           The Class D(200[o]-[o]) Notes

Section 2.01     Creation and Designation...................................................................      7

Section 2.02     Interest Payment; Margin Percentage........................................................      7

Section 2.03     Determination of One-Month LIBOR...........................................................      7

Section 2.04     Required Deposits of Available Principal Collections to the Principal Funding Account;
                        Payment of Principal................................................................      8

Section 2.05     Holders' Rights to Payments of Interest and Principal......................................      9

Section 2.06     Cash Collateral Account....................................................................      9

Section 2.07     Delivery and Payment for the Class D(200[o]-[o]) Notes; Form and
                        Denomination........................................................................      9

Section 2.08     Manner of Payment of Class D(200[o]-[o]) Notes.............................................      9

Section 2.09     Monthly Servicing Fee......................................................................      9

Section 2.10     Additional Requirements for Registration of and Limitations on
                 Transfer and Exchange of Class D(200[o]-[o]) Notes.........................................     10
</TABLE>

                                     - 2 -
<PAGE>

      CLASS D(200[o]-[o]) TERMS DOCUMENT, dated as of [o] [o], [o] (the "TERMS
DOCUMENT"), between WILMINGTON TRUST COMPANY, as Owner Trustee of ADVANTA
BUSINESS CARD MASTER TRUST, a common law trust organized and existing under the
laws of the State of Delaware (herein, the "ISSUER" or the "TRUST"), and
DEUTSCHE BANK TRUST COMPANY AMERICAS (formerly known as Bankers Trust Company),
a banking corporation organized and existing under the laws of the State of New
York, not in its individual capacity, but solely as indenture trustee (herein,
together with its successors in the trusts thereunder as provided in the Master
Indenture, the "INDENTURE TRUSTEE") under the Master Indenture, dated as of
August 1, 2000 (the "INDENTURE") between the Issuer and the Indenture Trustee.
This Terms Document supplements the AdvantaSeries Indenture Supplement, dated as
of November 1, 2004 (the "ADVANTASERIES INDENTURE SUPPLEMENT"), between the
Issuer and the Indenture Trustee, which supplements the Master Indenture.

      Pursuant to this Terms Document, the Issuer shall create a new tranche of
Class D Notes and shall specify the principal terms thereof.

                                    ARTICLE I
             Definitions and Other Provisions of General Application

      Section 1.01 Definitions. For all purposes of this Terms Document, except
as otherwise expressly provided or unless the context otherwise requires:

            (1) the terms defined in this Article have the meanings assigned to
them in this Article, and include the plural as well as the singular;

            (2) all other terms used herein which are defined in the
AdvantaSeries Indenture Supplement or the Indenture, either directly or by
reference therein, have the meanings assigned to them therein;

            (3) all accounting terms not otherwise defined herein have the
meanings assigned to them in accordance with generally accepted accounting
principles and, except as otherwise herein expressly provided, the term
"generally accepted accounting principles" with respect to any computation
required or permitted hereunder means such accounting principles as are
generally accepted in the United States of America at the date of such
computation;

            (4) all references in this Terms Document to designated "Articles,"
"Sections" and other subdivisions are to the designated Articles, Sections and
other subdivisions of this Terms Document;

            (5) the words "herein," "hereof" and "hereunder" and other words of
similar import refer to this Terms Document as a whole and not to any particular
Article, Section or other subdivision;

            (6) in the event that any term or provision contained herein shall
conflict with or be inconsistent with any term or provision contained in the
AdvantaSeries Indenture Supplement, the Indenture or the Transfer and Servicing
Agreement, the terms and provisions of this Terms Document shall be controlling;

                                     - 3 -
<PAGE>

            (7) each capitalized term defined herein shall relate only to the
Class D(200[o]-[o]) Notes and no other Tranche of Notes issued by the Issuer;
and

            (8) "including" and words of similar import will be deemed to be
followed by "without limitation."

      "Accumulation Amount" shall mean, for any Payment Date occurring during
the Accumulation Period, $[o]; provided, however, that if the Accumulation
Period Length is determined to be less than 8 months pursuant to subsection
2.04(a), the Accumulation Amount for each Payment Date with respect to the
Accumulation Period will be equal to (i) the Outstanding Principal Balance of
the Class D(200[o]-[o]) Notes divided by (ii) the Accumulation Period Length.

      "Accumulation Deposit Amount" means, for any Payment Date occurring during
the Accumulation Period, an amount equal to the sum of the Accumulation Amount
for such Payment Date and any existing Accumulation Shortfall.

      "Accumulation Period" shall mean, unless a Pay Out Event shall have
occurred prior thereto, the period commencing at the close of business on [o]
[o], [o] or such later date as is determined in accordance with subsection
2.04(a), and ending on the first to occur of (a) the commencement of the Early
Amortization Period, (b) the payment in full of the Outstanding Principal
Balance of the Class D(200[o]-[o]) Notes and (c) the Class D(200[o]-[o]) Final
Maturity Date.

      "Accumulation Period Factor" shall mean, for the purpose of calculating
the Accumulation Period Length for the Class D(200[o]-[o]) Notes, with respect
to any Monthly Period, a fraction, the numerator of which is equal to the sum of
the initial invested amounts of all outstanding Series, and the denominator of
which is equal to the sum of (a) the Initial Principal Balance of Class
D(200[o]-[o]) Notes, (b) the initial invested amounts (or, if no initial
invested amount is defined in the applicable Indenture Supplement, then the
initial principal balance) of all other Outstanding Classes and Tranches
(without duplication) (other than the AdvantaSeries Class D(200[o]-[o]) Notes)
which are not expected to be in their revolving periods, and (c) the initial
invested amounts (or, if no initial invested amount is defined in the applicable
Indenture Supplement, then the initial principal balance) of all other
Outstanding Classes and Tranches (without duplication) (other than the
AdvantaSeries Class D(200[o][o]) Notes) which are not allocating Shared
Principal Collections to other Series and are in their revolving periods;
provided, however, that this definition may be changed at any time if the Rating
Agency Condition is satisfied.

      "Accumulation Period Length" means the number of whole months such that
the sum of the Accumulation Period Factors for each month during such period
will be equal to or greater than the Required Accumulation Factor Number;
provided, however, that the Accumulation Period Length will not be determined to
be less than one month; provided further, however, that the determination of the
Accumulation Period Length may be changed at any time if the Rating Agency
Condition is satisfied.

                                     - 4 -
<PAGE>

      "Accumulation Shortfall" shall mean (a) on the first Payment Date during
the Accumulation Period, zero and (b) on each subsequent Payment Date during the
Accumulation Period, the excess, if any, of the Accumulation Deposit Amount for
the previous Payment Date over the amount deposited into the Principal Funding
Account pursuant to Section 2.04(b) for the previous Payment Date.

      "AdvantaSeries Indenture Supplement" means the AdvantaSeries Indenture
Supplement dated as of November 1, 2004, by and between the Issuer and the
Indenture Trustee, as amended and supplemented from time to time.

      "Class D(200[o]-[o]) Final Maturity Date" means [o] [o], [o].

      "Class D(200[o]-[o]) Margin Percentage" means [o]%, unless another
percentage is selected by the Transferor in accordance with Section 2.02(b).

      "Class D(200[o]-[o]) Note" means any Note substantially in the form set
forth in Exhibit A-4 to the AdvantaSeries Indenture Supplement, designated
therein as a Class D(200[o]-[o]) Note and duly executed and authenticated in
accordance with the Indenture.

      "Class D(200[o]-[o]) Noteholder" means a Person in whose name a Class
D(200[o]-[o]) Note is registered in the Note Register.

      "Class D(200[o]-[o]) Termination Date" means the earliest to occur of (a)
the Principal Payment Date on which the Outstanding Principal Balance of the
Class D(200[o]-[o]) Notes is paid in full, (b) the Class D(200[o]-[o]) Final
Maturity Date and (c) the date on which the Indenture is discharged and
satisfied pursuant to Article XI thereof.

      "Closing Date" means [o] [o], [o].

      "Expected Final Principal Payment Date" means [o] [o], [o].

      "Initial Principal Balance" means $[o].

      "Indenture" means the Indenture dated as of August 1, 2000, by and between
the Issuer and the Indenture Trustee, as amended and supplemented from time to
time.

      "Interest Payment Date" means the scheduled due date of any payment of
interest on the Class D(200[o]-[o]) Notes, which shall be each Payment Date. The
first Interest Payment Date shall be [o] [o], [o].

      "LIBOR Determination Date" shall mean (a) with respect to the first
Interest Payment Date, (i) [o] [o], [o] for the period from and including the
Closing Date through and including [o] [o], [o] and (ii) [o] [o], [o] for the
period from and including [o] [o], [o] through and including [o] [o], [o] and
(b) with respect to any Interest Payment Date after the first Interest Payment
Date, the second London Business Day prior to the commencement of the second and
each subsequent Interest Period.

                                     - 5 -
<PAGE>

      "London Business Day" means any Business Day on which dealings in deposits
in United States Dollars are transacted in the London interbank market.

      "Note Interest Rate" means a rate per annum equal to [the sum of (a) the
Class D(200[o]-[o]) Margin Percentage and (b) LIBOR as determined by the
Indenture Trustee on the related LIBOR Determination Date with respect to each
Interest Period] [[o]% per year].

      "One-Month Index Maturity" means a maturity of one month commencing on the
related LIBOR Determination Date.

      "One-Month LIBOR" means, for any Interest Period, the London interbank
offered rate for one month United States dollar deposits determined by the
Indenture Trustee on the LIBOR Determination Date for such Interest Period in
accordance with the provisions of Section 2.03.

      "Paying Agent" means Deutsche Bank Trust Company Americas.

      "Reference Banks" means three major banks in the London interbank market
selected by the Servicer.

      "Required Accumulation Factor Number" shall be equal to a fraction,
rounded upwards to the nearest whole number, the numerator of which is one and
the denominator of which is equal to the lowest monthly principal payment rate
on the Accounts, expressed as a decimal, for the twelve months preceding the
date of such calculation; provided, however, that this definition may be changed
at any time if the Rating Agency Condition is satisfied.

      "Telerate Page 3750" means the display page currently so designated on the
Moneyline Telerate Service (or such other page as may replace that page on that
service for the purpose of displaying comparable rates or prices).

      Section 1.02 Governing Law. THIS TERMS DOCUMENT WILL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, INCLUDING
SECTION 5-1401 OF THE GENERAL OBLIGATION LAW, WITHOUT REFERENCE TO ITS CONFLICT
OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      Section 1.03 Counterparts. This Terms Document may be executed in any
number of counterparts, each of which so executed will be deemed to be an
original, but all such counterparts will together constitute but one and the
same instrument.

      Section 1.04 Ratification of Indenture and AdvantaSeries Indenture
Supplement. As supplemented by this Terms Document, each of the Indenture and
the AdvantaSeries Indenture Supplement is in all respects ratified and confirmed
and the Indenture as so supplemented by the AdvantaSeries Indenture Supplement
and this Terms Document shall be read, taken and construed as one and the same
instrument.

                               [END OF ARTICLE I]

                                     - 6 -
<PAGE>

                                   ARTICLE II
                          The Class D(200[o]-[o]) Notes

      Section 2.01 Creation and Designation. There is hereby created a tranche
of Class D Notes to be issued pursuant to the Indenture and the AdvantaSeries
Indenture Supplement to be known as the "AdvantaSeries Class D(200[o]-[o])
Notes."

      Section 2.02 Interest Payment; Margin Percentage.

      (a) For each Interest Payment Date, the amount of interest due and payable
with respect to the Class D(200[o]-[o]) Notes shall be an amount equal to the
product of (i)(A) a fraction, the numerator of which is the actual number of
days in the related Interest Period and the denominator of which is 360,
multiplied by (B) the Note Interest Rate [in effect with respect to the related
Interest Period], multiplied by (ii) the Outstanding Principal Balance of the
Class D(200[o]-[o]) Notes determined as of the Record Date preceding the related
Interest Payment Date. Any interest on the Class D(200[o]-[o]) Notes will be
calculated on the basis of the actual number of days in the related Interest
Period and a 360-day year.

      (b) The Transferor may change the Class D(200[o]-[o]) Margin Percentage
upon satisfaction of the Rating Agency Condition and without the prior consent
of any Noteholder, so long as all of the Class D(200[o]-[o]) Notes are held by
the Transferor or an Affiliate of the Transferor; provided, however, that the
Class D Margin Percentage shall not exceed [o]% at any time.

      Section 2.03 Determination of One-Month LIBOR.

      (a) On each LIBOR Determination Date, the Indenture Trustee shall
determine LIBOR on the basis of the rate for deposits in United States dollars
having a One-Month Index Maturity which appears on Telerate Page 3750 as of
11:00 a.m., London time, on such date. If such rate does not appear on Telerate
Page 3750, One-Month LIBOR for that LIBOR Determination Date shall be determined
on the basis of the rates at which deposits in United States dollars, having a
One-Month Index Maturity and in an amount of not less than $1,000,000, are
offered by the Reference Banks at approximately 11:00 a.m., London time, on that
day to prime banks in the London interbank market. The Indenture Trustee shall
request the principal London office of each of the Reference Banks to provide a
quotation of its rate. If at least two (2) such quotations are provided,
One-Month LIBOR for that LIBOR Determination Date shall be the arithmetic mean
of the quotations. If fewer than two (2) quotations are provided as requested,
One-Month LIBOR for that LIBOR Determination Date will be the arithmetic mean of
the rates quoted by major banks in New York City, selected by the Servicer, at
approximately 11:00 a.m., New York City time, on that day for loans in United
States dollars to leading European banks having a One-Month Index Maturity and
in an amount of not less than U.S. $1,000,000; provided, that, if the banks
selected by the Servicer are not quoting such rates, One-Month LIBOR in effect
for the applicable Interest Period will be the same as One-Month LIBOR for the
immediately preceding Interest Period.

      (b) The Note Interest Rate applicable to the then current and the
immediately preceding Interest Periods may be obtained by telephoning the
Indenture Trustee at its corporate

                                     - 7 -
<PAGE>

trust office at (800) 735-7777 or such other telephone number as shall be
designated by the Indenture Trustee for such purpose by prior written notice by
the Indenture Trustee to each Noteholder from time to time.

      (c) On each LIBOR Determination Date, the Indenture Trustee shall send to
the Transferor, by facsimile transmission, notification of One-Month LIBOR for
the following Interest Period.

      Section 2.04 Required Deposits of Available Principal Collections to the
Principal Funding Account; Payment of Principal. With respect to any Payment
Date, the amount to be deposited in the Principal Funding Sub-Account pursuant
to Section 4.16 of the AdvantaSeries Indenture Supplement will be the amount
determined pursuant to clause (a), (b) or (c) below for such Payment Date, as
applicable, or if more than one such clause is applicable, the highest amount
determined pursuant to any one of such clauses; provided, however, in no case
shall the amount required to be deposited exceed the Class D(200[o]-[o])
Adjusted Invested Amount (calculated immediately before giving effect to such
deposit but after giving effect to any Investor Charge-Offs and any
reallocations of principal on such date).

      (a) Revolving Period. On each Payment Date during the Revolving Period,
the required deposit to the Principal Funding Sub-Account for the Class
D(200[o]-[o]) Notes will be zero.

      (b) Accumulation Period. On each Payment Date during the Accumulation
Period, the required deposit to the Principal Funding Sub-Account for the Class
D(200[o]-[o]) Notes will be the Accumulation Deposit Amount for such Payment
Date. The Accumulation Period is scheduled to commence at the close of business
on [o] [o], [o]; provided, however, that, if the Accumulation Period Length is
less than 8 months, the date on which the Accumulation Period actually commences
will be delayed to the first Business Day of the month that is the number of
whole months prior to the Expected Final Principal Payment Date which is at
least equal to the Accumulation Period Length and, as a result, the number of
Monthly Periods in the Accumulation Period will at least equal the Accumulation
Period Length. On the Determination Date [twelve (12)] months prior to the
Expected Final Principal Payment Date and each Determination Date thereafter
until the Accumulation Period begins, the Servicer shall determine the
Accumulation Period Length.

      (c) Early Amortization Period. On each Payment Date during an Early
Amortization Period, the required deposit to the Principal Funding Sub-Account
for the Class D(200[o]-[o]) Notes will be the Adjusted Invested Amount for the
Class D(200[o]-[o]) Notes as of the close of business on the last day of the
preceding Monthly Period (after taking into account any reductions or increases
occurring on such date).

      (d) On each Principal Payment Date, the Indenture Trustee, acting in
accordance with written instructions from the Servicer, shall withdraw from the
Principal Funding Sub-Account for the Class D(200[o]-[o]) Notes and distribute
to the Paying Agent for payment to the Class D(200[o]-[o]) Noteholders the
amounts deposited into the Principal Funding Sub-Account for the Class
D(200[o]-[o]) Notes pursuant to this Section 2.04.

                                     - 8 -
<PAGE>

      Section 2.05 Holders' Rights to Payments of Interest and Principal.

      (a) Any installment of interest or principal, if any, payable on any Class
D(200[o]-[o]) Note which is punctually paid or duly provided for by the Issuer
and the Indenture Trustee on the applicable Interest Payment Date or Principal
Payment Date shall be paid by the Paying Agent to the Person in whose name such
Class D(200[o]-[o]) Note (or one or more Predecessor Notes) is registered on the
Record Date, by wire transfer of immediately available funds to such Person's
account as has been designated by written instructions received by the Paying
Agent from such Person not later than the close of business on the third
Business Day preceding the date of payment or, if no such account has been so
designated, by check mailed first-class, postage prepaid to such Person's
address as it appears on the Note Register on such Record Date, except that with
respect to Notes registered on the Record Date in the name of the nominee of
Cede & Co., payment shall be made by wire transfer in immediately available
funds to the account designated by such nominee.

      (b) The right of the Class D(200[o]-[o]) Noteholders to receive payments
from the Issuer will terminate on the first Business Day following the Class
D(200[o]-[o]) Termination Date.

      Section 2.06 Cash Collateral Account. In accordance with Section 4.22 of
the AdvantaSeries Indenture Supplement, on or prior to the Closing Date, the
Transferor shall deposit, cause to be deposited or maintain funds in the Cash
Collateral Account such that after such deposit the Available Cash Collateral
Account Amount is equal to the Required Cash Collateral Account Amount.

      Section 2.08 Delivery and Payment for the Class D(200[o]-[o]) Notes; Form
and Denomination.

      (a) The Issuer shall execute and issue, and the Indenture Trustee shall
authenticate, the Class D(200[o]-[o]) Notes in accordance with Section 2.03 of
the Indenture. The Indenture Trustee shall deliver the Class D(200[o]-[o]) Notes
to or upon the order of the Issuer when so authenticated. The Class
D(200[o]-[o]) Notes shall be Definitive Notes and not Book-Entry Notes.

      (b) The Class D(200[o]-[o]) Notes will be issued in minimum denominations
of $[o] and integral multiples of that amount.

      Section 2.09 Manner of Payment of Class D(200[o]-[o]) Notes. Except as
provided in Section 11.02 of the Indenture with respect to a final distribution,
distributions to Class D(200[o]-[o]) Noteholders hereunder shall be made by (i)
check mailed to each Class D(200[o]-[o]) Noteholder (at such Noteholder's
address as it appears in the Note Register), except that with respect to any
Class D(200[o]-[o]) Notes registered in the name of the nominee of a Clearing
Agency, such payment shall be made in immediately available funds and (ii)
without presentation or surrender of any Class D(200[o]-[o]) Note or the making
of any notation thereon.

      Section 2.10 Monthly Servicing Fee. In accordance with Section 3.01(a) of
the AdvantaSeries Indenture Supplement, with respect to [o] [o], [o] Payment
Date, the AdvantaSeries Monthly Servicing Fee allocated to the Class
D(200[o]-[o]) Notes shall be $[o].

                                     - 9 -
<PAGE>

      Section 2.11 Additional Requirements for Registration of and Limitations
on Transfer and Exchange of Class D(200[o]-[o]) Notes.

      (a) No Holder of a Class D(200[o]-[o]) Note may sell, convey, assign,
hypothecate, pledge, participate or otherwise transfer any interest in the Class
D(200[o]-[o]) Notes (each, a "CLASS D(200[o]-[o]) NOTE ASSIGNMENT"), to any
Person (upon such Class D(200[o]-[o]) Note Assignment, a "CLASS D(200[o]-[o])
NOTE ASSIGNEE"), unless (i) the Class D(200[o]-[o]) Note Assignment consists of
the entirety of such assignor Holder's Class D(200[o]-[o]) Note and no Class
D(200[o]-[o]) Note Assignments of a partial interest in such Class D(200[o]-[o])
Notes will be made, and (ii) the Transferor shall have granted its prior written
consent (which consent shall not be granted if, among other things, the
Transferor determines in its sole and absolute discretion that such Class
D(200[o]-[o]) Note Assignment would create or increase a risk that the Trust
would be classified for Federal or any applicable state tax purposes as an
association or publicly traded partnership taxable as a corporation); provided,
however, that any Class D(200[o]-[o]) Note Assignment shall be void unless (i)
such proposed Class D(200[o]-[o]) Note Assignee, other than Advanta Bank Corp
("ABC") or an Affiliate of ABC, shall comply with this Section 2.09 and shall
have delivered to the Indenture Trustee, the Servicer and the Transferor an
investment representation letter substantially in the form of Exhibit A attached
hereto (an "INVESTMENT LETTER"), or such other form as the Transferor in its
sole and absolute discretion deems acceptable, prior to the effectiveness of
such Class D(200[o]-[o]) Note Assignment; (ii) the number of Private Holders
would not exceed, as of the date of the proposed Class D(200[o]-[o]) Note
Assignment, eighty (80), and (iii) the number of Private Holders owning
interests in the Class D(200[o]-[o]) Notes would not exceed, as of the date of
the proposed Class D(200[o]-[o]) Note Assignment, four (4) or such greater
number as may be consented to by the Transferor in its sole and absolute
discretion. In connection with any Class D(200[o]-[o]) Note Assignment, the
assignor Class D(200[o]-[o]) Note Holder shall request in writing to the
Indenture Trustee (who shall promptly deliver it to the Transferor) for the
consent of the Transferor, and the Transferor shall respond to any such request
within ten Business Days after its receipt; it being understood that the
obtaining of such consent is a condition to the effectiveness of the Class
D(200[o]-[o]) Note Assignment. Each Class D(200[o]-[o]) Note Assignee is subject
to the terms and conditions of this Section 2.09 and its Investment Letter on an
ongoing basis and shall make the certifications, representations and warranties
contained in its Investment Letter. Any transfer, resale, pledge or other
transfer of a Class D(200[o]-[o]) Note (or any interest therein) contrary to the
restriction set forth above in this Section 2.09 or made in reliance upon any
false representation or warranty made by a transferee in its Investment Letter
shall be deemed void ab initio by the Indenture Trustee.

      (b) Registration of transfer of the Class D(200[o]-[o]) Notes shall be
effected only if such transfer is exempt from the registration requirements
under the Securities Act. The transferor or the transferee, other than ABC or an
Affiliate of ABC, shall deliver, at its expense, to the Transferor, the Servicer
and the Indenture Trustee, an investment letter from the transferee,
substantially in the form of the investment representation letter attached
hereto as Exhibit A. None of the Issuer, the Transferor, the Servicer, the
Seller, the Indenture Trustee or the Transfer Agent and Registrar is obligated
to register or qualify the Class D(200[o]-[o]) Notes under the Securities Act or
any other securities law or to take any action not otherwise required under this
AdvantaSeries Indenture Supplement or the Indenture to permit the transfer of
the Class D(200[o]-[o]) Notes without registration or qualification. Any Class
D(200[o]-[o])

                                     - 10 -
<PAGE>

Noteholder desiring to effect a transfer of unregistered Class D(200[o]-[o])
Notes shall, and does hereby agree to, indemnify the Issuer, the Transferor
(unless the transferor of the Class D(200[o]-[o]) Notes is the Transferor), the
Servicer, the Seller, the Indenture Trustee and the Transfer Agent and Registrar
against any liability that may result if the transfer is not exempt from such
registration or qualification or is not made in accordance with such federal and
state laws and no registration of transfer shall be made until such letter is so
delivered.

      (c) The Class D(200[o]-[o]) Notes may not be acquired or held by or on
behalf of or with "plan assets" of (a) an employee benefit plan (as defined in
Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended
("ERISA"), whether or not subject to Title I of ERISA, (b) a plan described in
Section 4975(e)(1) of the Code, (c) an entity whose underlying assets include
"plan assets" by reason of a plan's investment in the purchaser or (d) a
"benefit plan investor" (as defined in U.S. Department of Labor ("DOL")
Regulation Section 2510.3-101) ("BENEFIT PLAN INVESTOR"), unless (i) the
investor is acquiring or holding the Class D(200[o]-[o]) Notes with assets of an
"insurance company general account" (within the meaning of DOL Prohibited
Transaction Class Exemption ("PTCE") 95-60 (a "GENERAL ACCOUNT")), (ii) the
purchase and holding of the Class D(200[o]-[o]) Notes are eligible for the
exemptive relief afforded under Section I of PTCE 95-60, (iii) less than 25% of
the assets of such General Account constitute "plan assets" of Benefit Plan
Investors, and (iv)r giving effect to the purchase of the Class D(200[o]-[o])
Notes and all other purchases occurring simultaneously therewith, less than 25%
of the Class D(200[o]-[o]) Notes (excluding Class D(200[o]-[o]) Notes held by
the Servicer or any Affiliate of the Servicer) will constitute "plan assets" of
Benefit Plan Investors.

      (d) Each Class D(200[o]-[o]) Noteholder, other than ABC or an Affiliate of
ABC, agrees with the Transferor and the Indenture Trustee that: (i) such Class
D(200[o]-[o]) Noteholder will deliver to the Transferor, the Servicer and the
Indenture Trustee on or before the acquisition of the Class D(200[o]-[o]) Notes
and on or before the effective date of any Class D(200[o]-[o]) Note Assignment,
as applicable, a letter in the form annexed hereto as Exhibit A, executed by the
Class D(200[o]-[o]) Noteholder, or such Class D(200[o]-[o]) Note Assignee, in
the case of a Class D(200[o]-[o]) Note Assignment, with respect to the purchase
by such Class D(200[o]-[o]) Noteholder or Class D(200[o]-[o]) Note Assignee, as
the case may be, of a Class D(200[o]-[o]) Note and (ii) all of the statements
made by such Class D(200[o]-[o]) Noteholder in its Investment Letter shall be
true and correct as of the date made.

      (e) Class D(200[o]-[o]) Notes issued upon registration or transfer of, or
Class D(200[o]-[o]) Notes issued in exchange for Class D(200[o]-[o]) Notes shall
bear the restrictive legends regarding securities laws, tax and ERISA matters
contained in the form of the Class D(200[o]-[o]) Note attached as Exhibit A-4 to
the AdvantaSeries Indenture Supplement, unless the Transferor, the Servicer, the
Indenture Trustee and the Transfer Agent and Registrar receive an Opinion of
Counsel, satisfactory to each of them, to the effect that such legend may be
removed or modified.

      (f) If so requested by the Transferor, the Indenture Trustee will make
available to any prospective purchaser of Class D(200[o]-[o]) Notes who so
requests, a copy of a letter provided to the Indenture Trustee by or on behalf
of the Transferor relating to the transferability of any Series, Class or
Tranche.

                                     - 11 -
<PAGE>

                               [END OF ARTICLE II]

                                     - 12 -
<PAGE>

IN WITNESS WHEREOF, the undersigned have caused this Terms Document to be duly
executed and delivered by their respective duly authorized officers on the day
and year first above written.

                                           WILMINGTON TRUST COMPANY,
                                              as Owner Trustee of
                                           ADVANTA BUSINESS CARD MASTER TRUST

                                           By: _________________________________
                                           Name:
                                           Title:

                                           DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                              as Indenture Trustee

                                           By: _________________________________
                                           Name:
                                           Title:

             [Signature Page to Class D(200[o]-[o]) Terms Document]

                                     - 13 -
<PAGE>

                                                                       EXHIBIT A

                            FORM OF INVESTMENT LETTER

                                INVESTMENT LETTER

                                     [Date]

[Indenture Trustee]

[Transferor]

[Servicer]

    Re:  Purchase of Advanta Business Card Master Trust
         AdvantaSeries, Class D(200[o]-[o]) Asset Backed Notes

Dear Sirs:

The undersigned proposes to purchase the AdvantaSeries Class D(200[o]-[o]) Notes
identified below issued by Advanta Business Card Master Trust (the "Issuer"),
pursuant to (i) the AdvantaSeries Class D(200[o]-[o]) Terms Document, dated as
of [o] [o], [o], between the Issuer and Deutsche Bank Trust Company Americas
(formerly known as Bankers Trust Company), as indenture trustee (the "Indenture
Trustee), (ii) the AdvantaSeries Indenture Supplement, dated as of November 1,
2004 (the "Indenture Supplement"), among the Issuer, Advanta Business
Receivables Corp., as transferor (the "Transferor"), Advanta Bank Corp., as
servicer (the "Servicer") and the Indenture Trustee and (iii) the Master
Indenture, among the Issuer, the Transferor, the Servicer and the Indenture
Trustee. In connection with our proposed purchase of such notes we acknowledge,
represent, warrant and covenant that:

      1. the AdvantaSeries Class D(200[o]-[o]) Notes will be offered and may be
resold only to "qualified institutional buyers" ("QIBs") pursuant to Rule 144A
of the Securities Act of 1933, as amended (the "Securities Act");

      2. the AdvantaSeries Class D(200[o]-[o]) Notes have not been and will not
be registered under the Securities Act or any state or other applicable
securities law and the AdvantaSeries Class D(200[o]-[o]) Notes, or any interest
or participation therein, may not be offered, sold, pledged or otherwise
transferred unless registered pursuant to, or exempt from registration under,
the Securities Act and any other applicable securities law;

      3. none of the Owner Trustee, the Indenture Trustee, the Transferor or the
Servicer or any person representing the Owner Trustee, the Indenture Trustee,
the Transferor or the Servicer has made any representation to us with respect to
the Issuer or the offering or sale of any of the AdvantaSeries Class
D(200[o]-[o]) Notes, other than [the information contained in the accompanying
Private Placement Memorandum, which has been delivered to us and upon which we
are relying in making our investment decision with respect to the AdvantaSeries
Class

                                     - 14 -
<PAGE>

D(200[o]-[o]) Notes]. We have had access to such financial and other information
concerning the Issuer and the AdvantaSeries Class D(200[o]-[o]) Notes as we have
deemed necessary in connection with our decision to purchase such notes;

      4. we have such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risks of an investment in the
AdvantaSeries Class D(200[o]-[o]) Notes, and we (and any account for which we
are purchasing under paragraph (8) below) are able to bear the economic risk of
an investment in the AdvantaSeries Class D(200[o]-[o]) Notes;

      5. the AdvantaSeries Class D(200[o]-[o]) Notes will bear a legend to the
following effect:

      "THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE
SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS NOTE, AGREES THAT THIS
NOTE, OR ANY INTEREST OR PARTICIPATION HEREIN, MAY BE REOFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER
APPLICABLE LAWS AND ONLY (1) TO THE ISSUER OR ITS AFFILIATES OR (2) PURSUANT TO
RULE 144A UNDER THE SECURITIES ACT TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A
UNDER THE SECURITIES ACT (A "QIB") PURCHASING FOR ITS OWN ACCOUNT OR A QIB
PURCHASING FOR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE,
THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON
RULE 144A UNDER THE SECURITIES ACT. THIS SECURITY WILL NOT BE ACCEPTED FOR
REGISTRATION OF TRANSFER EXCEPT UPON PRESENTATION OF EVIDENCE SATISFACTORY TO
THE TRANSFER AGENT AND REGISTRAR THAT THE RESTRICTIONS ON TRANSFER SET FORTH IN
THE MASTER INDENTURE AND THE INDENTURE SUPPLEMENT HAVE BEEN COMPLIED WITH. THIS
NOTE MAY NOT BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHOUT THE
PRIOR WRITTEN CONSENT OF THE TRANSFEROR AND UNLESS AND UNTIL THE INDENTURE
TRUSTEE, THE TRANSFEROR AND THE SERVICER SHALL HAVE RECEIVED THE CERTIFICATIONS
REQUIRED BY THE MASTER INDENTURE, THE INDENTURE SUPPLEMENT AND THE TERMS
DOCUMENT. THE ADVANTASERIES CLASS D(200[o]-[o]) NOTES ARE ALSO SUBJECT TO
RESTRICTIONS ON THE PURCHASE, OWNERSHIP AND DISPOSITION OF SUCH SECURITIES,
INCLUDING THE CONSENT OF THE TRANSFEROR AND THE DELIVERY OF AN INVESTMENT
LETTER. SUCH RESTRICTIONS ARE SET FORTH IN THE MASTER INDENTURE AND THE
INDENTURE SUPPLEMENT, COPIES OF WHICH ARE AVAILABLE FROM THE INDENTURE TRUSTEE.

      THIS ADVANTASERIES CLASS D(200[o]-[o]) NOTE MAY NOT BE SOLD OR TRANSFERRED
TO ANY PLAN THAT IS SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974, AS AMENDED ("ERISA") OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986,
AS AMENDED (THE "CODE"), TO ANY PERSON ACTING ON BEHALF OF OR WITH "PLAN ASSETS"
OF ANY SUCH PLAN, OR TO ANY

                                     - 15 -
<PAGE>

OTHER "BENEFIT PLAN INVESTOR" (AS DEFINED IN UNITED STATES DEPARTMENT OF LABOR
REGULATION SECTION 2510.3-101(f)(2)), INCLUDING AN INSURANCE COMPANY GENERAL
ACCOUNT, EXCEPT IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE
SUPPLEMENT AND THE TERMS DOCUMENT.

      THIS ADVANTASERIES CLASS D(200[o]-[o]) NOTE MAY NOT BE ACQUIRED, SOLD,
TRADED OR TRANSFERRED, NOR MAY AN INTEREST IN THIS ADVANTASERIES CLASS
D(200[o]-[o]) NOTE BE MARKETED, ON OR THROUGH (I) AN "ESTABLISHED SECURITIES
MARKET" WITHIN THE MEANING OF SECTION 7704(b)(1) OF THE CODE AND ANY TREASURY
REGULATION THEREUNDER, INCLUDING, WITHOUT LIMITATION, AN OVER THE-COUNTER-MARKET
OR AN INTERDEALER QUOTATION SYSTEM THAT REGULARLY DISSEMINATES FIRM BUY OR SELL
QUOTATIONS OR (II) A "SECONDARY MARKET (OR THE SUBSTANTIAL EQUIVALENT THEREOF)"
WITHIN THE MEANING OF SECTION 7704(b)(2) OF THE CODE AND ANY TREASURY REGULATION
THEREUNDER, INCLUDING A MARKET WHEREIN INTERESTS IN THE ADVANTASERIES CLASS
D(200[o]-[o]) NOTES ARE REGULARLY QUOTED BY ANY PERSON MAKING A MARKET IN SUCH
INTERESTS AND A MARKET WHEREIN ANY PERSON REGULARLY MAKES AVAILABLE BID OR OFFER
QUOTES WITH RESPECT TO INTERESTS IN THE ADVANTASERIES CLASS D(200[o]-[o]) NOTES
AND STANDS READY TO EFFECT BUY OR SELL TRANSACTIONS AT THE QUOTED PRICES FOR
ITSELF OR ON BEHALF OF OTHERS.

      BEFORE PURCHASING THIS NOTE, PURCHASERS SHOULD CONSULT COUNSEL WITH
RESPECT TO THE AVAILABILITY AND CONDITIONS OF EXEMPTION FROM THE RESTRICTION ON
RESALE OR TRANSFER. NEITHER THE ISSUER NOR THE SELLER OF THIS NOTE HAS AGREED TO
REGISTER THIS NOTE UNDER THE SECURITIES ACT, TO QUALIFY THIS NOTE UNDER THE
SECURITIES LAWS OF ANY STATE OR JURISDICTION OR TO PROVIDE REGISTRATION RIGHTS
TO ANY PURCHASER.

      AS SET FORTH HEREIN, THE OUTSTANDING PRINCIPAL BALANCE OF THIS NOTE AT ANY
TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF."

      Any portion of this legend may be removed or modified if the Transferor,
the Servicer and the Indenture Trustee and the Transfer Agent and Registrar have
received an Opinion of Counsel, in form and substance satisfactory to them, to
the effect that such paragraph may be removed or modified;

      6. if we are acquiring any AdvantaSeries Class D(200[o]-[o]) note, or any
interest or participation therein, as a fiduciary or agent for one or more
investor accounts, we have sole investment discretion with respect to that
account and we have full power to make the acknowledgements, representations and
agreements contained herein on behalf of each of those accounts;

                                     - 16 -
<PAGE>

      7. we (1) are a QIB, (2) are aware that the sale to us is being made in
reliance on Rule 144A and if we are acquiring those AdvantaSeries Class
D(200[o]-[o]) notes or any interest or participation therein for the account of
another QIB, that such other QIB is aware that the sale is being made in
reliance on Rule 144A and (3) are acquiring those AdvantaSeries Class
D(200[o]-[o]) notes or any interest or participation therein for our own account
or for the account of a QIB;

      8. we are purchasing the AdvantaSeries Class D(200[o]-[o]) notes for our
own account, or for one or more investor accounts for which we are acting as
fiduciary or agent, in each case for investment, and not with a view to, or for
offer or sale in connection with, any distribution thereof in violation of the
Securities Act, subject to any requirements of law that the disposition of our
property or the property of that investor account or accounts be at all times
within our or their control and subject to our or their ability to resell those
AdvantaSeries Class D(200[o]-[o]) notes, or any interest or participation
therein, as described herein and as provided in the Master Indenture or the
Indenture Supplement or the Terms Document;

      9. we agree that if in the future we should offer, sell or otherwise
transfer that AdvantaSeries Class D(200[o]-[o]) note or any interest or
participation therein, we will do so only (A) to the Transferor or an affiliate
of the Transferor, or (B) pursuant to Rule 144A to a person whom we reasonably
believe is a QIB in a transaction meeting the requirements of Rule 144A,
purchasing for its own account or for the account of a QIB, whom we have
informed that such offer, sale or other transfer is being made in reliance on
Rule 144A;

      10. the Transferor, the Issuer, the Servicer, the Owner Trustee, the
Indenture Trustee and others will rely on the truth and accuracy of the
foregoing representations, warranties and covenants and we agree that if any of
the foregoing representations, warranties and covenants deemed to have been made
by us are no longer accurate, we shall promptly notify the Transferor, the
Issuer, the Servicer, the Owner Trustee and the Indenture Trustee. We further
agree to use reasonable efforts to produce a replacement investor which is
acceptable to the Transferor to replace us in the event of any such breach
(understanding also that the Transferor shall also have the right to procure a
replacement investor), and agree to take all actions necessary to permit a
replacement investor to succeed to our rights and obligations with respect to
the related AdvantaSeries Class D(200[o]-[o]) note. We acknowledge that the
portion of the Tax Opinion to the effect that the Trust will not be treated as a
publicly traded partnership taxable as a corporation is dependent in part on the
accuracy of the certifications described herein;

      11. we are the beneficial owner for United States federal income tax
purposes and, unless otherwise consented to by the Transferor in its sole
discretion in writing, we are and will remain a "United States person" for such
purposes for so long as we hold any interest in an AdvantaSeries Class
D(200[o]-[o]) Note;

      12. by our acceptance of an interest in the AdvantaSeries Class
D(200[o]-[o]) Notes, we agree to treat the AdvantaSeries Class D(200[o]-[o])
Notes for federal, state and local income and franchise tax purposes as
indebtedness of the Transferor;

      13. unless otherwise consented to by the Transferor in its sole discretion
in writing, we are properly classified as, and shall remain classified as, a
"corporation" as described in

                                     - 17 -
<PAGE>

Section 7701(a)(3) of the Internal Revenue Code of 1986 (the "Code") and are
not, and so long as we shall be an owner of AdvantaSeries Class D(200[o]-[o])
Notes will not become, an "S Corporation" (within the meaning of Section 1361(a)
of the Code) for U.S. federal income tax purposes;

      14. we have not acquired, and shall not sell, trade or transfer any
interest in the AdvantaSeries Class D(200[o]-[o]) Notes, nor cause any interest
in the AdvantaSeries Class D(200[o]-[o]) Notes to be marketed on or through
either (i) an "established securities market" within the meaning of Section
7704(b)(1) of the Code (including an interdealer quotation system that regularly
disseminates firm buy or sell quotations by identified brokers or dealers by
electronic means or otherwise) or (ii) a "secondary market (or the substantial
equivalent thereof)" within the meaning of Code Section 7704(b)(2) (including a
market wherein interests in the AdvantaSeries Class D(200[o]-[o]) Notes are
regularly quoted by any person making a market in such interests and a market
wherein any person regularly makes available bid or offer quotes with respect to
interests in the AdvantaSeries Class D(200[o]-[o]) Notes and stands ready to
effect, buy or sell transactions at the quoted prices for itself or on behalf of
others);

      15. either [check one]:

            ___   we are not, and we are not acquiring the AdvantaSeries Class
                  D(200[o]-[o]) Notes by or on behalf of, or with "plan assets"
                  of, (i) an employee benefit plan (as defined in Section 3(3)
                  of The Employment Retirement Income Security Act of 1974, as
                  amended (" ERISA"), whether or not subject to Title I of
                  ERISA, (ii) a plan described in Section 4975(e)(1) of the
                  Code, (iii) an entity whose underlying assets include "plan
                  assets" by reason of a Plan's investment in us; or (a) a
                  person who is otherwise a "benefit plan investor," as defined
                  in U.S. Department of Labor ("DOL") Regulation Section
                  2510.3-101 (a "Benefit Plan Investor"), including any
                  insurance company general account or a governmental or foreign
                  plan that is generally not subject to ERISA or Section 4975 of
                  the Code; OR

            ___   we are acquiring the AdvantaSeries Class D(200[o]-[o]) Notes
                  and the AdvantaSeries Class D(200[o]-[o]) Notes will be held
                  by or on behalf of, or with "plan assets" of, a Plan or other
                  Benefit Plan Investor and

                  (a) (1) we are purchasing the AdvantaSeries Class
                  D(200[o]-[o]) Notes with assets of an "insurance company
                  general account" (within the meaning of DOL Prohibited
                  Transaction Class Exemption ("PTCE") 95-60 (a "General
                  Account"); (2) our purchase of the AdvantaSeries Class
                  D(200[o]-[o]) Notes is eligible for the exemptive relief
                  afforded under Section I of PTCE 95-60; and (3) less than
                  ____% (enter a percentage not in excess of 25%) of the

                                     - 18 -
<PAGE>

                  assets of the such General Account constitute "plan assets" of
                  Benefit Plan Investors; and

                  (b) after giving effect to our purchase and all other
                  purchases occurring simultaneously therewith, less than 25% of
                  the Notes (excluding Notes held by the servicer or any of its
                  affiliates) will constitute "plan assets" of Benefit Plan
                  Investors;

      16. we represent and warrant and agree with you that (i) our purchase and
holding of AdvantaSeries Class D(200[o]-[o]) Notes will satisfy the ERISA
requirements described in paragraph 15 above and (ii) we will not assign or
transfer AdvantaSeries Class D(200[o]-[o]) Notes unless (a) the proposed
assignee or transferee delivers a letter to you evidencing its agreement to the
ERISA representations and covenants in Paragraph 15 above with respect to its
purchase, holding and transfer of AdvantaSeries Class D(200[o]-[o]) Notes and
(b) if we (x) are not (and are not acting on behalf of ) a Benefit Plan
Investor, the assignee or transferee will also not be a Benefit Plan Investor,
or (y) are (or are acting on behalf of) a General Account, the assignee or
transferee will be accurately identified in such letter as either another
General Account or a person who is not (and is not acting on behalf of) a
Benefit Plan Investor;

      17. registration of transfer of any AdvantaSeries Class D(200[o]-[o]) Note
or any interest therein will require delivery of such certificates and other
requirements as are required by the Indenture Supplement, as more specifically
set forth therein; and

      18. transfers of the AdvantaSeries Class D(200[o]-[o]) Notes or any
interest or participation therein shall otherwise be subject in all respects to
the restrictions applicable thereto contained in the Master Indenture, the
Indenture Supplement and the Terms Document.

      Capitalized terms used but not defined herein shall have the meanings set
forth in the Indenture Supplement.

                                           Very truly yours,

                                           [NAME OF INVESTOR]

                                           By: _________________________________
                                           Name:
                                           Title:

ADVANTASERIES CLASS D(200[o]-[o]) NOTES TO BE PURCHASED

U.S.$[o] aggregate principal balance of AdvantaSeries Class D(200[o]-[o]) Asset
Backed Notes

                                      -19-
<PAGE>

      If you are in agreement with the foregoing, please sign and return to us a
counterpart hereof for each of the Company and Advanta and for each of the
Underwriters and each counsel to the parties hereto, and upon the acceptance
hereof by you, on behalf of each of the Underwriters, this letter and such
acceptance hereof shall constitute a binding agreement between each of the
Underwriters, Advanta, and the Company.

                                        Very truly yours,

                                        ADVANTA BUSINESS RECEIVABLES CORP.

                                        By:   /s/ Michael Coco
                                            -----------------------------------
                                            Name: Michael Coco
                                            Title: Vice President and Treasurer

                                        ADVANTA BANK CORP.

                                        By:   /s/ Michael Coco
                                            -----------------------------------
                                            Name: Michael Coco
                                            Title: President

The foregoing Underwriting Agreement is
hereby confirmed and accepted as of the
date first above written.

DEUTSCHE BANK SECURITIES INC.,
as Representative of the Underwriters

By:   /s/ Andrew Peisch
    -----------------------------
    Authorized Representative

By:   /s/ Kristi Leo
    -----------------------------
    Authorized Representative<PAGE>

                                                                     EXHIBIT 4.2

                                                                  EXECUTION COPY

================================================================================

                       ADVANTA BUSINESS CARD MASTER TRUST

                                    as Issuer

                                       and

                      DEUTSCHE BANK TRUST COMPANY AMERICAS

                              as Indenture Trustee

                         CLASS C(2004-C1) TERMS DOCUMENT

                          dated as of November 10, 2004

                                       to

                       ADVANTASERIES INDENTURE SUPPLEMENT

                          dated as of November 1, 2004

                                       to

                                    INDENTURE

                           dated as of August 1, 2000

================================================================================

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                       PAGE
<S>                                                                                                    <C>
                                                 ARTICLE I
                          Definitions and Other Provisions of General Application

Section 1.01       Definitions.........................................................................   3

Section 1.02       Governing Law.......................................................................   6

Section 1.03       Counterparts........................................................................   6

Section 1.04       Ratification of Indenture and AdvantaSeries Indenture Supplement....................   6

                                                 ARTICLE II
                                         The Class C(2004-C1) Notes

Section 2.01       Creation and Designation............................................................   7

Section 2.02       Interest Payment....................................................................   7

Section 2.03       Determination of One-Month LIBOR....................................................   7

Section 2.04       Required Deposits of Available Principal Collections to the Principal Funding
                   Account; Payment of Principal.......................................................   8

Section 2.05       Holders' Rights to Payments of Interest and Principal...............................   8

Section 2.06       Cash Collateral Account.............................................................   9

Section 2.07       Delivery and Payment for the Class C(2004-C1) Notes; Form and
                   Denomination........................................................................   9

Section 2.08       Manner of Payment of Class C(2004-C1) Notes.........................................   9

Section 2.09       Monthly Servicing Fee...............................................................  10
</TABLE>

                                      -2-
<PAGE>

      CLASS C(2004-C1) TERMS DOCUMENT, dated as of November 10, 2004 (the "TERMS
DOCUMENT"), between WILMINGTON TRUST COMPANY, as Owner Trustee of ADVANTA
BUSINESS CARD MASTER TRUST, a common law trust organized and existing under the
laws of the State of Delaware (herein, the "ISSUER" or the "TRUST"), and
DEUTSCHE BANK TRUST COMPANY AMERICAS (formerly known as Bankers Trust Company),
a banking corporation organized and existing under the laws of the State of New
York, not in its individual capacity, but solely as indenture trustee (herein,
together with its successors in the trusts thereunder as provided in the Master
Indenture, the "INDENTURE TRUSTEE") under the Master Indenture, dated as of
August 1, 2000 (the "INDENTURE") between the Issuer and the Indenture Trustee.
This Terms Document supplements the AdvantaSeries Indenture Supplement, dated as
of November 1, 2004 (the "ADVANTASERIES INDENTURE SUPPLEMENT"), between the
Issuer and the Indenture Trustee, which supplements the Master Indenture.

      Pursuant to this Terms Document, the Issuer shall create a new tranche of
Class C Notes and shall specify the principal terms thereof.

                                    ARTICLE I
             Definitions and Other Provisions of General Application

      Section 1.01 Definitions. For all purposes of this Terms Document, except
as otherwise expressly provided or unless the context otherwise requires:

            (1) the terms defined in this Article have the meanings assigned to
them in this Article, and include the plural as well as the singular;

            (2) all other terms used herein which are defined in the
AdvantaSeries Indenture Supplement or the Indenture, either directly or by
reference therein, have the meanings assigned to them therein;

            (3) all accounting terms not otherwise defined herein have the
meanings assigned to them in accordance with generally accepted accounting
principles and, except as otherwise herein expressly provided, the term
"generally accepted accounting principles" with respect to any computation
required or permitted hereunder means such accounting principles as are
generally accepted in the United States of America at the date of such
computation;

            (4) all references in this Terms Document to designated "Articles,"
"Sections" and other subdivisions are to the designated Articles, Sections and
other subdivisions of this Terms Document;

            (5) the words "herein," "hereof" and "hereunder" and other words of
similar import refer to this Terms Document as a whole and not to any particular
Article, Section or other subdivision;

            (6) in the event that any term or provision contained herein shall
conflict with or be inconsistent with any term or provision contained in the
AdvantaSeries Indenture Supplement, the Indenture or the Transfer and Servicing
Agreement, the terms and provisions of this Terms Document shall be controlling;

                                      -3-
<PAGE>

            (7) each capitalized term defined herein shall relate only to the
Class C(2004-C1) Notes and no other Tranche of Notes issued by the Issuer; and

            (8) "including" and words of similar import will be deemed to be
followed by "without limitation."

      "Accumulation Amount" shall mean, for any Payment Date occurring during
the Accumulation Period, $12,500,000; provided, however, that if the
Accumulation Period Length is determined to be less than 8 months pursuant to
subsection 2.04(a), the Accumulation Amount for each Payment Date with respect
to the Accumulation Period will be equal to (i) the Outstanding Principal
Balance of the Class C(2004-C1) Notes divided by (ii) the Accumulation Period
Length.

      "Accumulation Deposit Amount" means, for any Payment Date occurring during
the Accumulation Period, an amount equal to the sum of the Accumulation Amount
for such Payment Date and any existing Accumulation Shortfall.

      "Accumulation Period" shall mean, unless a Pay Out Event shall have
occurred prior thereto, the period commencing at the close of business on
January 31, 2009 or such later date as is determined in accordance with
subsection 2.04(a), and ending on the first to occur of (a) the commencement of
the Early Amortization Period, (b)the payment in full of the Outstanding
Principal Balance of the Class C(2004-C1) Notes and (c) the Class C(2004-C1)
Final Maturity Date.

      "Accumulation Period Factor" shall mean, for the purpose of calculating
the Accumulation Period Length for the Class C(2004-C1) Notes, with respect to
any Monthly Period, a fraction, the numerator of which is equal to the sum of
the initial invested amounts (or, if no initial invested amount is defined in
the applicable Indenture Supplement, then the initial principal balance) of all
outstanding Series, and the denominator of which is equal to the sum of (a) the
Initial Principal Balance of Class C(2004-C1) Notes, (b) the initial invested
amounts (or, if no initial invested amount is defined in the applicable
Indenture Supplement, then the initial principal balance) of all other
Outstanding Classes and Tranches (without duplication) (other than the
AdvantaSeries Class C(2004-C1) Notes) which are not expected to be in their
revolving periods, and (c) the initial invested amounts (or, if no initial
invested amount is defined in the applicable Indenture Supplement, then the
initial principal balance) of all other Outstanding Classes and Tranches
(without duplication) (other than the AdvantaSeries Class C(2004-C1) Notes)
which are not allocating Shared Principal Collections to other Series and are in
their revolving periods; provided, however, that this definition may be changed
at any time if the Rating Agency Condition is satisfied.

      "Accumulation Period Length" means the number of whole months such that
the sum of the Accumulation Period Factors for each month during such period
will be equal to or greater than the Required Accumulation Factor Number;
provided, however, that the Accumulation Period Length will not be determined to
be less than one month; provided further, however, that the determination of the
Accumulation Period Length may be changed at any time if the Rating Agency
Condition is satisfied.

                                      -4-
<PAGE>

      "Accumulation Shortfall" shall mean (a) on the first Payment Date during
the Accumulation Period, zero and (b) on each subsequent Payment Date during the
Accumulation Period, the excess, if any, of the Accumulation Deposit Amount for
the previous Payment Date over the amount deposited into the Principal Funding
Account pursuant to Section 2.04(b) for the previous Payment Date.

      "AdvantaSeries Indenture Supplement" means the AdvantaSeries Indenture
Supplement dated as of November 1, 2004, by and between the Issuer and the
Indenture Trustee, as amended and supplemented from time to time.

      "Class C(2004-C1) Final Maturity Date" means September 20, 2013.

      "Class C(2004-C1) Note" means any Note substantially in the form set forth
in Exhibit A-3 to the AdvantaSeries Indenture Supplement, designated therein as
a Class C(2004-C1) Note and duly executed and authenticated in accordance with
the Indenture.

      "Class C(2004-C1) Noteholder" means a Person in whose name a Class
C(2004-C1) Note is registered in the Note Register.

      "Class C(2004-C1) Termination Date" means the earliest to occur of (a) the
Principal Payment Date on which the Outstanding Principal Balance of the Class
C(2004-C1) Notes is paid in full, (b) the Class C(2004-C1) Final Maturity Date
and (c) the date on which the Indenture is discharged and satisfied pursuant to
Article XI thereof.

      "Closing Date" means November 10, 2004.

      "Expected Final Principal Payment Date" means October 20, 2009.

      "Initial Principal Balance" means $100,000,000.

      "Indenture" means the Indenture dated as of August 1, 2000, by and between
the Issuer and the Indenture Trustee, as amended and supplemented from time to
time.

      "Interest Payment Date" means the scheduled due date of any payment of
interest on the Class C(2004-C1) Notes, which shall be each Payment Date. The
first Interest Payment Date shall be January 20, 2005.

      "LIBOR Determination Date" shall mean (a) with respect to the first
Interest Payment Date, (i) November 8, 2004 for the period from and including
the Closing Date through and including November 19, 2004, (ii) November 18, 2004
for the period from and including November 20, 2004 through and including
December 19, 2004 and (iii) December 16, 2004 for the period from and including
December 20, 2004 through and including January 19, 2005 (b) with respect to any
Interest Payment Date after the first Interest Payment Date, the second London
Business Day prior to the commencement of the second and each subsequent
Interest Period.

      "London Business Day" means any Business Day on which dealings in deposits
in United States Dollars are transacted in the London interbank market.

                                      -5-
<PAGE>

      "Note Interest Rate" means a rate per annum equal to 1.05% in excess of
One-Month LIBOR as determined by the Indenture Trustee on the related LIBOR
Determination Date with respect to each Interest Period.

      "One-Month Index Maturity" means a maturity of one month commencing on the
related LIBOR Determination Date.

      "One-Month LIBOR" means, for any Interest Period, the London interbank
offered rate for one month United States dollar deposits determined by the
Indenture Trustee on the LIBOR Determination Date for such Interest Period in
accordance with the provisions of Section 2.03.

      "Paying Agent" means Deutsche Bank Trust Company Americas.

      "Reference Banks" means three major banks in the London interbank market
selected by the Servicer.

      "Required Accumulation Factor Number" shall be equal to a fraction,
rounded upwards to the nearest whole number, the numerator of which is one and
the denominator of which is equal to the lowest monthly principal payment rate
on the Accounts, expressed as a decimal, for the twelve months preceding the
date of such calculation; provided, however, that this definition may be changed
at any time if the Rating Agency Condition is satisfied.

      "Telerate Page 3750" means the display page currently so designated on the
Moneyline Telerate Service (or such other page as may replace that page on that
service for the purpose of displaying comparable rates or prices).

      Section 1.02 Governing Law. THIS TERMS DOCUMENT WILL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, INCLUDING
SECTION 5-1401 OF THE GENERAL OBLIGATION LAW, WITHOUT REFERENCE TO ITS CONFLICT
OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

      Section 1.03 Counterparts. This Terms Document may be executed in any
number of counterparts, each of which so executed will be deemed to be an
original, but all such counterparts will together constitute but one and the
same instrument.

      Section 1.04 Ratification of Indenture and AdvantaSeries Indenture
Supplement. As supplemented by this Terms Document, each of the Indenture and
the AdvantaSeries Indenture Supplement is in all respects ratified and confirmed
and the Indenture as so supplemented by the AdvantaSeries Indenture Supplement
and this Terms Document shall be read, taken and construed as one and the same
instrument.

                               [END OF ARTICLE I]

                                      -6-
<PAGE>

                                   ARTICLE II
                           The Class C(2004-C1) Notes

      Section 2.01 Creation and Designation. There is hereby created a tranche
of Class C Notes to be issued pursuant to the Indenture and the AdvantaSeries
Indenture Supplement to be known as the "AdvantaSeries Class C(2004-C1) Notes."

      Section 2.02 Interest Payment. For each Interest Payment Date, the amount
of interest due and payable with respect to the Class C(2004-C1) Notes shall be
an amount equal to the product of (i) (A) a fraction, the numerator of which is
the actual number of days in the related Interest Period and the denominator of
which is 360, multiplied by (B) the Note Interest Rate in effect with respect to
the related Interest Period, multiplied by (ii) the Outstanding Principal
Balance of the Class C(2004-C1) Notes determined as of the Record Date preceding
the related Interest Payment Date. Any interest on the Class C(2004-C1) Notes
will be calculated on the basis of the actual number of days in the related
Interest Period and a 360-day year.

      Section 2.03 Determination of One-Month LIBOR.

      (a) On each LIBOR Determination Date, the Indenture Trustee shall
determine One-Month LIBOR on the basis of the rate for deposits in United States
dollars having a One-Month Index Maturity which appears on Telerate Page 3750 as
of 11:00 a.m., London time, on such date. If such rate does not appear on
Telerate Page 3750, One-Month LIBOR for that LIBOR Determination Date shall be
determined on the basis of the rates at which deposits in United States dollars,
having a One-Month Index Maturity and in an amount of not less than $1,000,000,
are offered by the Reference Banks at approximately 11:00 a.m., London time, on
that day to prime banks in the London interbank market. The Indenture Trustee
shall request the principal London office of each of the Reference Banks to
provide a quotation of its rate. If at least two (2) such quotations are
provided, One-Month LIBOR for that LIBOR Determination Date shall be the
arithmetic mean of the quotations. If fewer than two (2) quotations are provided
as requested, One-Month LIBOR for that LIBOR Determination Date will be the
arithmetic mean of the rates quoted by major banks in New York City, selected by
the Servicer, at approximately 11:00 a.m., New York City time, on that day for
loans in United States dollars to leading European banks having a One-Month
Index Maturity and in an amount of not less than U.S. $1,000,000; provided,
that, if the banks selected by the Servicer are not quoting such rates,
One-Month LIBOR in effect for the applicable Interest Period will be the same as
One-Month LIBOR for the immediately preceding Interest Period.

      (b) The Note Interest Rate applicable to the then current and the
immediately preceding Interest Periods may be obtained by telephoning the
Indenture Trustee at its corporate trust office at (800) 735-7777 or such other
telephone number as shall be designated by the Indenture Trustee for such
purpose by prior written notice by the Indenture Trustee to each Noteholder from
time to time.

      (c) On each LIBOR Determination Date, the Indenture Trustee shall send to
the Transferor, by facsimile transmission, notification of One-Month LIBOR for
the following Interest Period.

                                      -7-
<PAGE>

      Section 2.04 Required Deposits of Available Principal Collections to the
Principal Funding Account; Payment of Principal. With respect to any Payment
Date, the amount to be deposited in the Principal Funding Sub-Account pursuant
to Section 4.16 of the AdvantaSeries Indenture Supplement will be the amount
determined pursuant to clause (a), (b), (c) or (d) below for such Payment Date,
as applicable, or if more than one such clause is applicable, the highest amount
determined pursuant to any one of such clauses; provided, however, in no case
shall the amount required to be deposited exceed the Class C(2004-C1) Adjusted
Invested Amount (calculated immediately before giving effect to such deposit but
after giving effect to any Investor Charge-Offs and any reallocations of
principal on such date).

      (a) Revolving Period. On each Payment Date during the Revolving Period,
the required deposit to the Principal Funding Sub-Account for the Class
C(2004-C1) Notes will be zero.

      (b) Accumulation Period. On each Payment Date during the Accumulation
Period, the required deposit to the Principal Funding Sub-Account for the Class
C(2004-C1) Notes will be the Accumulation Deposit Amount for such Payment Date.
The Accumulation Period is scheduled to commence at the close of business on
January 31, 2009; provided, however, that, if the Accumulation Period Length is
less than 8 months, the date on which the Accumulation Period actually commences
will be delayed to the first Business Day of the month that is the number of
whole months prior to the Expected Final Principal Payment Date which is at
least equal to the Accumulation Period Length and, as a result, the number of
Monthly Periods in the Accumulation Period will at least equal the Accumulation
Period Length. On the Determination Date twelve (12) months prior to the
Expected Final Principal Payment Date and each Determination Date thereafter
until the Accumulation Period begins, the Servicer will determine the
Accumulation Period Length.

      (c) Early Amortization Period. On each Payment Date during an Early
Amortization Period, the required deposit to the Principal Funding Sub-Account
for the Class C(2004-C1) Notes will be the Adjusted Invested Amount for the
Class C(2004-C1) Notes as of the close of business on the last day of the
preceding Monthly Period (after taking into account any reductions or increases
occurring on such date).

      (d) Coverage Funding of the Principal Funding Account of Senior Classes.
If the Transferor determines as of the end of the related Monthly Period that,
after giving effect to all allocations and payments with respect to that Monthly
Period, the Coverage Funding Required Amount of the Class C(2004-C1) Notes will
be greater than zero, the required deposit to the Principal Funding Sub-Account
for the Class C(2004-C1) Notes will be the Coverage Funding Required Amount for
such Class C(2004-C1) Notes.

      (e) On each Principal Payment Date, the Indenture Trustee, acting in
accordance with written instructions from the Servicer, shall withdraw from the
Principal Funding Sub-Account for the Class C(2004-C1) Notes and distribute to
the Paying Agent for payment to the Class C(2004-C1) Noteholders the amounts
deposited into the Principal Funding Sub-Account for the Class C(2004-C1) Notes
pursuant to this Section 2.04.

      Section 2.05 Holders' Rights to Payments of Interest and Principal.

                                      -8-
<PAGE>

      (a) Any installment of interest or principal, if any, payable on any Class
C(2004-C1) Note which is punctually paid or duly provided for by the Issuer and
the Indenture Trustee on the applicable Interest Payment Date or Principal
Payment Date shall be paid by the Paying Agent to the Person in whose name such
Class C(2004-C1) Note (or one or more Predecessor Notes) is registered on the
Record Date, by wire transfer of immediately available funds to such Person's
account as has been designated by written instructions received by the Paying
Agent from such Person not later than the close of business on the third
Business Day preceding the date of payment or, if no such account has been so
designated, by check mailed first-class, postage prepaid to such Person's
address as it appears on the Note Register on such Record Date, except that with
respect to Notes registered on the Record Date in the name of the nominee of
Cede & Co., payment shall be made by wire transfer in immediately available
funds to the account designated by such nominee.

      (b) The right of the Class C(2004-C1) Noteholders to receive payments from
the Issuer will terminate on the first Business Day following the Class
C(2004-C1) Termination Date.

      Section 2.06 Cash Collateral Account. In accordance with Section 4.22 of
the AdvantaSeries Indenture Supplement, on or prior to the Closing Date, the
Transferor shall deposit, cause to be deposited or maintain funds in the Cash
Collateral Account such that after such deposit the Available Cash Collateral
Account Amount is equal to the Required Cash Collateral Account Amount.

      Section 2.07 Delivery and Payment for the Class C(2004-C1) Notes; Form and
Denomination.

      (a) The Issuer shall execute and issue, and the Indenture Trustee shall
authenticate, the Class C(2004-C1) Notes in accordance with Section 2.03 of the
Indenture. The Indenture Trustee shall deliver the Class C(2004-C1) Notes to or
upon the order of the Issuer when so authenticated. The Class C(2004-C1) Notes
shall be Book-Entry Notes.

      (b) The Depository for the Class C(2004-C1) Notes shall be The Depository
Trust Company, and the Class C(2004-C1) Notes shall initially be registered in
the name of Cede & Co., its nominee.

      (c) The Class C(2004-C1) Notes will be issued in minimum denominations of
$5,000 and integral multiples of $1,000 in excess of that amount.

      Section 2.08 Manner of Payment of Class C(2004-C1) Notes. Except as
provided in Section 11.02 of the Indenture with respect to a final distribution,
distributions to Class C(2004-C1) Noteholders hereunder shall be made by (i)
check mailed to each Class C(2004-C1) Noteholder (at such Noteholder's address
as it appears in the Note Register), except that with respect to any Class
C(2004-C1) Notes registered in the name of the nominee of a Clearing Agency,
such payment shall be made in immediately available funds and (ii) without
presentation or surrender of any Class C(2004-C1) Note or the making of any
notation thereon.

                                      -9-
<PAGE>

      Section 2.09 Monthly Servicing Fee. In accordance with Section 3.01(a) of
the AdvantaSeries Indenture Supplement, with respect to the January 2005 Payment
Date, the AdvantaSeries Monthly Servicing Fee allocated to the Class C(2004-C1)
Notes shall be $283,333.

                               [END OF ARTICLE II]
<PAGE>
      IN WITNESS WHEREOF, the undersigned have caused this Terms Document to be
duly executed and delivered by their respective duly authorized officers on the
day and year first above written.

                                          WILMINGTON TRUST COMPANY,
                                             as Owner Trustee of
                                          ADVANTA BUSINESS CARD MASTER TRUST

                                          By:   /s/ Janel R. Havrilla
                                                --------------------------------
                                          Name: Janel R. Havrilla
                                          Title: Financial Services Officer

                                          DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                               as Indenture Trustee

                                          By:   /s/ Peter T. Becker
                                                --------------------------------
                                          Name: Peter T. Becker
                                          Title: Vice President

              [Signature Page to Class C(2004-C1) Terms Document]

                                      -10-

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