Exhibit 12

ADVANTA CORP. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Three Months Ended						Nine Months Ended
($ in thousands)	September 30,						September 30,
	2009			2008			2009			2008
Net income (loss)	$	(76,485	)	$	(19,258	)	$	(482,459	)	$	3,119
Income tax expense (benefit)		(2,888	)		(16,369	)		34,800			(1,580	)
Earnings (loss) before income taxes		(79,373	)		(35,627	)		(447,659	)		1,539
Fixed charges:
Interest on debt, deposits and other borrowings		23,711			26,424			78,240			79,971
Interest on subordinated debt payable to preferred securities trust		2,181			2,317			6,780			6,951
One-third of all rentals		448			451			1,366			1,387
Total fixed charges		26,340			29,192			86,386			88,309
Earnings (loss) before income taxes and fixed charges	$	(53,033	)	$	(6,435	)	$	(361,273	)	$	89,848
Ratio of earnings to fixed charges(1)		(2.01	)x(2)		(0.22	)x(2)		(4.18	)x(2)		1.02	x

(1)

For purposes of computing these ratios, “earnings” represent income 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)

The ratios calculated for the three and nine months ended September 30, 2009 and the three months ended September 30, 2008 are less than 1.00. In order to achieve a ratio of 1.00, earnings before income taxes and fixed charges would need to increase by $79 million for the three months ended September 30, 2009, $36 million for the three months ended September 30, 2008 and $448 million for the nine months ended September 30, 2009.