SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): April 19, 2002
                                                  --------------

                                  Advanta Corp.
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             (Exact name of registrant as specified in its charter)





            Delaware                     0-14120                 23-1462070
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(State or other jurisdiction        (Commission File        (IRS Employer
 of incorporation)                       Number)             Identification No.)




Welsh and McKean Roads, P.O. Box 844, Spring House, PA             19477
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      (Address of principal executive offices)                   (Zip Code)



Registrant's telephone number, including area code: (215) 657-4000
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Item 5.  Other Events

The regulatory agreements that Advanta Bank Corp. ("ABC") entered into in 2000
have been removed. As previously disclosed in June 2000, ABC entered into
agreements with its bank regulatory agencies, primarily relating to the bank's
subprime lending operations. These agreements imposed temporary deposit growth
limits at ABC and required prior FDIC approval of the payment by ABC of cash
dividends. In April, 2002 these agreements were removed and as a result, the
restrictions in the agreements on deposit growth and payment of cash dividends
are no longer applicable. We believe that the removal of the agreements is the
result of our ongoing efforts to enhance ABC's practices, procedures and
regulatory relationships.

In connection with removing the agreements, ABC has reached an understanding
with its regulators to continue its ongoing efforts to enhance processes and
practices. The understanding is consistent with the manner in which ABC is
operating its business and includes no restrictions expected to have any impact
on the Company's financial results.

This Report contains forward-looking statements that are subject to certain
risks and uncertainties that could cause actual results to differ materially
from those projected. The most significant among these risks and uncertainties
are: (1) political, social and/or general economic conditions that affect the
level of new account acquisitions, customer spending, delinquencies and
charge-offs; (2) factors affecting fluctuations in the number of accounts or
loan balances; and (3) the effects of government regulation, including
restrictions and limitations imposed by banking laws, regulators, examinations,
and the agreements between the Company's bank subsidiaries and their regulators.
Additional risks that may affect the Company's future performance are detailed
in the Company's filings with the Securities and Exchange Commission, including
its most recent Annual Report on Form 10-K and its Quarterly Reports on Form
10-Q.








Form 8-K                                   Advanta Corp.




Item 7.         Financial Statements and Exhibits.
                ---------------------------------

     
(c)        Exhibits:

                  None








Form 8-K                          Advanta Corp.


                                   SIGNATURES


      Pursuant to the requirements of the Securities Exchange Act of l934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                                  Advanta Corp.


                                  By:   /s/ Elizabeth H. Mai
                                        ----------------------------------------
                                        Elizabeth H. Mai, Senior Vice President,
                                        Secretary and General Counsel




April 19, 2002