Exhibit 99.1

David Weinstock

Vice President, Investor Relations

(215) 444-5335

dweinstock@advanta.com



Catherine Reid

Vice President, Communications

(215) 444-5073

creid@advanta.com

FOR IMMEDIATE RELEASE

ADVANTA EXPECTS 2002 OPERATING EARNINGS TO INCREASE 20%

Spring House, PA, December 3, 2001 - Advanta Corporation (NASDAQ: ADVNB; ADVNA)
today announced that it expects its 2002 fiscal year operating earnings from
continuing business segments to be approximately $1.70 per diluted share, an
increase of 20% as compared to $1.41 anticipated for full year 2001. This
represents an after tax return on average managed receivables for 2002 of 1.9%
to 2.1%. Managed receivables are expected to grow 20% to 35%.



"Our plan for 2002 is to achieve increased profitability while investing heavily
in the business card operation for the long-term benefit of our shareholders,"
said Chairman and Chief Executive Officer Dennis Alter. "We will also maintain
our disciplined approach to growth in this economic environment."



Advanta management will hold a conference call with analysts and institutional
investors today, December 3, 2001, at 9:00 am Eastern time. The call will be
broadcast simultaneously for the public over the Internet through
www.advanta.com or www.vcall.com. To listen to the live call, please go to the
web site at least fifteen minutes early to register, download, and install any
necessary audio software. For those unable to listen to the live broadcast,
replays will be available shortly after the call on the Vcall site.








Advanta is a highly focused financial services company which has been providing
innovative financial solutions since 1951. Advanta leverages its first-class
direct marketing and information based expertise to develop state-of-the-art
data warehousing and statistical modeling tools that identify potential
customers and new target markets. Over the past five years, it has used these
distinctive capabilities to become one of the nation's largest issuers of
MasterCard business credit cards to small businesses. Learn more about Advanta
at www.advanta.com.



This Press Release contains forward-looking statements that are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those projected. The most significant among these risks and
uncertainties are: (1) the Company's managed net interest margin; (2)
competitive pressures; (3) political, social and/or general economic conditions
that affect the level of new account acquisitions, customer spending,
delinquencies and charge-offs; (4) factors affecting fluctuations in the number
of accounts or loan balances; (5) interest rate fluctuations; (6) the level of
expenses; (7) the timing of the securitizations of the Company's receivables;
(8) factors affecting the value of investments held by the Company; (9) the
effects of government regulation, including restrictions and limitations imposed
by banking laws, regulators, examinations, and the agreements between the
Company's bank subsidiaries and their regulators; (10) relationships with
significant vendors and business partners; (11) the amount and cost of financing
available to the Company; and (12) the impact of litigation. Additional risks
that may affect the Company's future performance are detailed in the Company's
filings with the Securities and Exchange Commission, including its most recent
Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q.







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