1
Pricing Supplement dated April 1, 2001                           Rule #424(b)(3)

(To Prospectus dated April 6, 2000)                           File No. 333-33136

                                  ADVANTA CORP.

                          For use only by residents of:
            CA, CO, CT, DE, FL, GA, KS, MA, MD, MN, NJ, NY, OR and PA

                            ADVANTA INVESTMENT NOTES

     Since Advanta Corp. has excess cash at this time, Advanta Corp. will
temporarily not be renewing or offering Investment Notes.



                    REDIRESERVE VARIABLE RATE CERTIFICATES**



                                                            Annual
                                                          Percentage
                       Tier            Interest Rate        Yield*
                       ----            -------------        ------
                                                   
                  $100 to $4,999           3.85%             3.92%
                $5,000 to $24,999          4.80%             4.92%
                $25,000 to $49,999         5.00%             5.13%
                   $50,000 plus            5.05%             5.18%


                            Minimum Investment $5,000

                               RECENT DEVELOPMENTS

Pursuant to the terms of the Purchase and Sale Agreement (the "Agreement"),
dated January 8, 2001, by and between Advanta Corp., a Delaware corporation
("Advanta"), and Chase Manhattan Mortgage Corporation, a New Jersey corporation
("Chase"), Advanta and certain of its subsidiaries transferred and assigned to
Chase and its affiliates substantially all of the assets and operating
liabilities associated with its mortgage business (the "Transaction"). The
Transaction was approved by Advanta's stockholders at a special meeting of the
stockholders held on February 27, 2001 at Advanta's headquarters and was
consummated on March 1, 2001, effective as of February 28, 2001 (the "Closing
Date").

The purchase price for the assets, net of the related operating liabilities
assumed by Chase that appeared on Advanta's balance sheet associated with its
mortgage business, was approximately $1.02 billion. This net purchase price
resulted in a gain to Advanta, before Transaction expenses and other costs, of
approximately $59.7 million. This gain will be reduced by a charge of
approximately $19.7 million associated with certain equipment, facilities and
derivative instruments related to hedging activities not purchased by Chase in
the Transaction. Advanta
   2

anticipates recording a restructuring charge associated with its intention to
substantially reduce corporate expenses after the Closing Date.

Advanta will use the proceeds from the sale of the mortgage business to reduce
debt and enhance the Company's funds available to invest in its business credit
card business. On March 7, 2001, Advanta announced an offer to purchase all of
its currently outstanding Medium-Term Notes at their face value, plus accrued
and unpaid interest. The Medium-Term Notes are unrelated to the Investment Notes
and RediReserve Certificates offered by this Prospectus Supplement.

As a result of the Transaction, Advanta will no longer operate a mortgage
business. However, Advanta did retain contingent liabilities, primarily relating
to litigation, arising out of its operation of the mortgage business before the
Closing Date that were not specifically assumed by Chase in the Transaction.
Following the Transaction, Advanta continues to operate its other financial
services businesses, the products of which include business credit cards,
insurance and deposit products, and to make venture capital investments through
its affiliates, including Advanta Partners LP. As indicated below, Advanta also
will continue to service the existing leases in its small ticket equipment
leasing portfolio.

On January 23, 2001, Advanta announced that after a thorough review of strategic
alternatives available to its Leasing business, Advanta has decided that it is
in the best interests of its stockholders to cease originating leases. Advanta
will continue to service the existing leasing portfolio rather than sell the
business or the portfolio.

AN OFFER CAN ONLY BE MADE BY THE PROSPECTUS DATED APRIL 6, 2000, IN CONJUNCTION
WITH THIS PRICING SUPPLEMENT. SEE "RISK FACTORS" BEGINNING AT PAGE 7 OF THE
PROSPECTUS FOR A DISCUSSION OF CERTAIN FACTORS WHICH SHOULD BE CONSIDERED IN
CONNECTION WITH AN INVESTMENT IN THE NOTES AND REDIRESERVE CERTIFICATES. THE
NOTES AND REDIRESERVE CERTIFICATES REPRESENT OBLIGATIONS OF ADVANTA CORP. AND
ARE NOT INSURED OR GUARANTEED BY THE FDIC OR ANY GOVERNMENTAL OR PRIVATE ENTITY.

* The Annual Percentage Yield assumes all interest reinvested daily at the
stated rate.

** The interest rate we pay on any particular RediReserve Certificate depends on
the tier into which the holder's end-of-the-day balance falls. We will not pay
interest on a RediReserve Certificate for any day on which the end-of-the-day
balance is less than $100. Interest rates and annual percentage yields for each
tier may change from week to week and will apply to outstanding RediReserve
Certificates. We currently set the interest rates each Sunday and they are
effective through Saturday. Interest rates for each one week period, currently
commencing on Sunday, will be at least equal to the rate on the thirteen week
U.S. Treasury Bill auctioned on the immediately preceding Monday less one
percent (1%).

                            FOR MORE INFORMATION CALL
                                 1-800-223-7074