Advanta Prices Securitization Backed by Business Purpose Credit Card Receivables

Advanta Corp. (NASDAQ:ADVNB; ADVNA) announced today that its wholly-owned subsidiary, Advanta Business Receivables Corp., has priced a $225 million business credit card securitization backed by receivables in revolving business purpose credit card accounts originated by Advanta Bank Corp. The transaction is expected to close on or about April 20, 2007.

Advanta Business Card Master Trust AdvantaSeries Class A(2007-A2) notes are issued under the AdvantaSeries structure that de-links the issuance of senior and subordinated notes. These 3 year fixed-rate senior notes represent the twentieth publicly offered tranche of notes issued in the AdvantaSeries and carry a coupon rate of 5.00%. After the issuance of these notes, there will be $4.065 billion of notes outstanding in the AdvantaSeries.

RBS Greenwich Capital and Deutsche Bank Securities are co-lead managers on this transaction with Credit Suisse acting as co-manager. It is anticipated that these notes will receive ratings of AAA from Standard & Poor's and Aaa from Moody's. Advanta will retain the servicing and customer relationships of the revolving business purpose credit card accounts.

About Advanta

Advanta is one of the nation’s largest credit card issuers (through Advanta Bank Corp.) in the small business market today. Advanta’s exclusive focus on this market, as well as its size, experience and commitment to developing meaningful product offerings and a high level of service tailored to the needs of small businesses, differentiate the company from other issuers. Founded in 1951, Advanta has long been an innovator in developing and introducing many of the marketing techniques that are common in the financial services industry today. Learn more about Advanta at www.advanta.com.

Any statements released by Advanta that are forward-looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any forward-looking statements involve risks and uncertainties, which may affect the Company’s business and prospects. At present, significant risks and uncertainties involve factors that could impact the timing of or likelihood of the closing of the securitization including: obtaining the ratings by the named rating agencies; receivables volume; attrition rates; the effects of governmental regulation; and adverse market conditions. Additional risks that may affect future performance are detailed in the Company’s filings with the Securities and Exchange Commission.

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For more information visit www.advanta.com.

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