Pricing Supplement dated December 29, 2002                       Rule #424(b)(3)
(To Prospectus dated July 15, 2002)                           File No. 333-90642

                                 ADVANTA CORP.
                         For use only by residents of:
           CA, CO, CT, DE, FL, GA, KS, MA, MD, MN, NJ, NY, OR and PA
           who are holders of existing Investment Notes and who renew
            a maturing Investment Note on or before February 1, 2003

                            ADVANTA INVESTMENT NOTES



                                 PRINCIPAL AMOUNT                                   PRINCIPAL AMOUNT
                                $10,000 TO $49,999                                    $50,000 PLUS
                                ------------------                                    ------------
                        INTEREST                  ANNUAL                  INTEREST                    ANNUAL
TERM                      RATE              PERCENTAGE YIELD*               RATE                PERCENTAGE YIELD*
- ----                      ----              -----------------               ----                -----------------
                                                                                    
91 days                  3.20%                    3.25%                     3.20%                     3.25%
6 month                  3.68%                    3.75%                     3.68%                     3.75%
12 month                 5.12%                    5.25%                     5.12%                     5.25%
18 month                 5.59%                    5.75%                     5.59%                     5.75%
24 month                 6.63%                   6.85%**                    6.63%                    6.85%**
30 month                 6.86%                   7.10%**                    7.09%                    7.35%**
36 month                 7.10%                   7.36%**                    7.33%                    7.60%**
48 month                 8.07%                   8.40%**                    8.30%                    8.65%**
60 month                 8.99%                   9.41%**                    9.22%                    9.66%**


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

** The stated Annual Percentage Yields (APYs) include Additional Interest (as
defined in the prospectus dated July 15, 2002) being offered only to holders of
maturing Investment Notes who renew those Investment Notes for a 24, 30, 36, 48
or 60 month term on or before February 1, 2003. The Additional Interest for the
24, 30 and 36 month terms consists of a bonus of .10% over the APYs currently
in effect for all other purchasers of 24, 30 and 36 month Investment Notes. The
Additional Interest for the 48 and 60 month terms consists of a bonus of .15%
over the APYs currently in effect for all other purchasers of 48 and 60 month
Investment Notes.

                  ADDITIONAL INFORMATION - RECENT DEVELOPMENTS

We file annual, quarterly and special reports, proxy statements and other
information, including information about recent developments, with the SEC. You
may read and copy any document we file at the following public reference room
maintained by the SEC at:

                                Judiciary Plaza
                             450 Fifth Street, N.W.
                             Washington, D.C. 20549

You may obtain information on the operation of the SEC's public reference room
by calling the SEC at 1-800-SEC-0330. Our SEC filings also are available to the
public from the SEC's Internet website at http://www.sec.gov.

AN OFFER CAN ONLY BE MADE BY THE PROSPECTUS DATED JULY 15, 2002, IN CONJUNCTION
WITH THIS PRICING SUPPLEMENT. SEE "RISK FACTORS" BEGINNING AT PAGE 9 OF THE
PROSPECTUS FOR A DISCUSSION OF CERTAIN FACTORS WHICH SHOULD BE CONSIDERED IN
CONNECTION WITH AN INVESTMENT IN THE NOTES. THE NOTES REPRESENT OBLIGATIONS OF
ADVANTA CORP. AND ARE NOT INSURED OR GUARANTEED BY THE FDIC OR ANY GOVERNMENTAL
OR PRIVATE ENTITY.

                           FOR MORE INFORMATION CALL
                                 1-800-223-7074