-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 QGNuKPLBq8Z9hRyKQj93lw==

<SEC-DOCUMENT>0001127602-09-002020.txt : 20090130
<SEC-HEADER>0001127602-09-002020.hdr.sgml : 20090130
<ACCEPTANCE-DATETIME>20090130133128
ACCESSION NUMBER:		0001127602-09-002020
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090128
FILED AS OF DATE:		20090130
DATE AS OF CHANGE:		20090130

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Costello Thomas
		CENTRAL INDEX KEY:			0001378246

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14120
		FILM NUMBER:		09557396

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		215-701-9555

	MAIL ADDRESS:	
		STREET 1:		C/O ALESCO FINANCIAL INC.
		STREET 2:		2929 ARCH STREET, 17TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19104

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADVANTA CORP
		CENTRAL INDEX KEY:			0000096638
		STANDARD INDUSTRIAL CLASSIFICATION:	PERSONAL CREDIT INSTITUTIONS [6141]
		IRS NUMBER:				231462070
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX 844
		STREET 2:		WELSH & MCKEAN ROADS
		CITY:			SPRING HOUSE
		STATE:			PA
		ZIP:			19477
		BUSINESS PHONE:		2154445341

	MAIL ADDRESS:	
		STREET 1:		C/O WELSH & MCKEAN ROADS
		STREET 2:		P.O. BOX 844
		CITY:			SPRING HOUSE
		STATE:			PA
		ZIP:			19477-0844

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TSO FINANCIAL CORP
		DATE OF NAME CHANGE:	19880306

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEACHERS SERVICE ORGANIZATION INC
		DATE OF NAME CHANGE:	19850812
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-01-28</periodOfReport>

    <issuer>
        <issuerCik>0000096638</issuerCik>
        <issuerName>ADVANTA CORP</issuerName>
        <issuerTradingSymbol>ADVNB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001378246</rptOwnerCik>
            <rptOwnerName>Costello Thomas</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>WELSH &amp; MCKEAN ROADS</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX 918</rptOwnerStreet2>
            <rptOwnerCity>SPRING HOUSE</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>194770918</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>.89</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-01-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>9000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2019-01-27</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class B Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>9000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The option vests in four equal annual increments commencing on January 28, 2010.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Liane Browne, attorney-in-fact for Reporting Person</signatureName>
        <signatureDate>2009-01-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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