EXHIBIT 23.2

              EXPLANATION CONCERNING ABSENCE OF WRITTEN CONSENT OF

                               ARTHUR ANDERSEN LLP

         On June 28, 2002, Advanta Corp. (the "Company") announced that it had
appointed KPMG LLP to replace Arthur Andersen LLP as its independent public
accountants. Prior to the date hereof, the Arthur Andersen partners who reviewed
the Company's audited financial statements as of December 31, 2001 and December
31, 2000 and for the years then ended resigned from Arthur Andersen LLP. As a
result, after reasonable efforts, the Company has been unable to obtain Arthur
Andersen's written consent to the incorporation by reference in this filing of
Arthur Andersen's audit reports with respect to the financial statements as of
December 31, 2001 and December 31, 2000 and for the years then ended for this
Registration Statement on Form S-8. Under these circumstances, Rule 437a under
the Securities Act of 1933 permits the Company to omit Arthur Andersen's written
consent from this filing, and permits us to incorporate by reference the
financial statements, supplementary data and financial statement schedule
included herein into present and future registration statements, without the
written consent of Arthur Andersen LLP.

         Section 11(a) of the Securities Act of 1933 provides that if any part
of a registration statement at the time it becomes effective contains an untrue
statement of a material fact or omits to state a material fact required to be
stated therein or necessary to make the statements therein not misleading, any
person acquiring a security pursuant to such registration statement (unless it
is proved that at the time of such acquisition such person knew of such untruth
or omission) may sue, among others, every accountant who has consented to be
named as having prepared or certified any part of the registration statement or
as having prepared or certified any report or valuation which is used in
connection with the registration statement, with respect to the statement in
such registration statement, report or valuation which purports to have been
prepared or certified by the accountant.

         As noted above, Arthur Andersen LLP has not consented to the
incorporation by reference of its audit report in this filing. While the extent
of any resulting limitations on recovery is unclear, Arthur Andersen LLP may not
be liable under Section 11(a) of the Securities Act of 1933 because it has not
consented to being named as an expert in this Registration Statement on Form
S-8. The Company believes, however, that other persons who may be liable under
Section 11(a) of the Securities Act of 1933, including the Company's officers
and directors, may still rely on Arthur Andersen's audit reports as being made
by an expert under the due diligence defense provision of Section 11(b) of the
Securities Act of 1933.