Exhibit 12

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

	Three Months Ended					Six Months Ended
	June 30,					June 30,
($ in thousands)	2009			2008		2009			2008
Net income (loss)	$	(330,069	)	$	4,015	$	(405,974	)	$	22,377
Income tax expense		78,556			3,461		37,688			14,789
Earnings (loss) before income taxes		(251,513	)		7,476		(368,286	)		37,166
Fixed charges:
Interest on debt, deposits and other borrowings		26,034			27,720		54,529			53,547
Interest on subordinated debt payable to preferred securities trust		2,282			2,317		4,599			4,634
One-third of all rentals		451			469		918			936
Total fixed charges		28,767			30,506		60,046			59,117
Earnings (loss) before income taxes and fixed charges	$	(222,746	)	$	37,982	$	(308,240	)	$	96,283
Ratio of earnings to fixed charges(1)		(7.74)x	(2)		1.25x		(5.13)x	(2)		1.63x

(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 six months ended June 30, 2009 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 $252 million for the three months ended June 30, 2009 and $368 million for the six months ended June 30, 2009.