Exhibit 12

ADVANTA CORP. AND SUBSIDIARIES

Statement setting forth details of computation of ratio
of earnings to fixed charges

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

($ in thousands)	For the years Ended December 31,
	2004			2003			2002			2001			2000
Income (loss) from continuing operations	$	44,273		$	30,213		$	(15,572	)	$	(30,456	)	$	11,192
Income tax expense (benefit)		28,034			18,913			17,170			(11,995	)		0
Earnings (loss) before income tax expense (benefit)		72,307			49,126			1,598	(1)		(42,451	) (2)		11,192
Fixed charges:
Interest on debt, deposits and other borrowings		36,419			48,308			47,580			82,470			86,508
Interest on subordinated debt payable to preferred securities trust (3)		9,158			0			0			0			0
One-third of all rentals		1,827			2,136			1,822			1,736			1,853
Preferred stock dividend of subsidiary trust (3)		0			8,990			8,990			8,990			8,990
Total fixed charges		47,404			59,434			58,392			93,196			97,351
Earnings before income tax expense (benefit) and fixed charges	$	119,711		$	108,560		$	59,990		$	50,745		$	108,543
Ratio of earnings to fixed charges (4)		2.53	x		1.83	x		1.03	x		N/M	(5)		1.11	x

(1)	Earnings before income taxes in 2002 included a charge of $43.0 million related to a ruling in the litigation associated with the transfer of our consumer credit card business in 1998.
(2)	Earnings before income taxes in 2001 included $41.8 million of unusual charges. Unusual charges included severance, outplacement and other compensation costs associated with restructuring our corporate functions commensurate with the ongoing businesses as well as expenses associated with exited businesses and asset impairments.
(3)	Our adoption of FIN 46, as revised, resulted in the deconsolidation of the subsidiary trust that issued our trust preferred securities effective December 31, 2003. As a result of the deconsolidation of that trust, the consolidated income statement includes interest expense on subordinated debt payable to preferred securities trust beginning January 1, 2004, as compared to periods through December 31, 2003 that included payments on the trust preferred securities classified as minority interest in income of consolidated subsidiary.
(4)	For purposes of computing these ratios, “earnings” represent income (loss) from continuing operations before income taxes plus fixed charges. “Fixed charges” consist of interest expense, one-third (the portion deemed representative of the interest factor) of rental expense on operating leases, and preferred stock dividends of subsidiary trust.
(5)	The ratio calculated in the year ended December 31, 2001 is less than 1.00 and therefore, not meaningful. In order to achieve a ratio of 1.00, earnings before income taxes and fixed charges would need to increase by $42,451 for the year ended December 31, 2001.