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

	For the years ended December 31,
($ in thousands)	2008			2007			2006			2005			2004
Income (loss) from continuing operations	$	(43,823	)	$	71,028		$	84,248		$	116,689		$	44,273
Income tax expense (benefit)		(22,308	)		44,652			52,740			40,490			28,034
Earnings (loss) before income tax expense (benefit)		(66,131	)		115,680			136,988			157,179	(2)		72,307
Fixed charges:
Interest on debt, deposits and other borrowings		110,205			90,063			66,143			48,428			36,419
Interest on subordinated debt payable to preferred securities trust		9,268			9,268			9,167			9,158			9,158
One-third of all rentals		1,841			1,885			1,809			1,712			1,827
Total fixed charges		121,314			101,216			77,119			59,298			47,404
Earnings (loss) before income tax expense (benefit) and fixed charges	$	55,183		$	216,896		$	214,107		$	216,477		$	119,711
Ratio of earnings to fixed charges (1)		N/M	(3)		2.14	x		2.78	x		3.65	x		2.53	x

(1)	For purposes of computing these ratios, “earnings” represent income from continuing operations before income taxes plus fixed charges. “Fixed charges” consist of interest expense and one-third (the portion deemed representative of the interest factor) of rental expense on operating leases. Fixed charges do not include interest expense related to unrecognized tax benefits, which we classify as income tax expense.
(2)	Earnings before income taxes in 2005 included a $67.7 million gain on the transfer of consumer credit card business related to our May 28, 2004 agreement with Bank of America.
(3)	The ratio calculated for the year ended December 31, 2008 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 $66,131 for the year ended December 31, 2008.
N/M = Not Meaningful