Advanta Prices Securitization Backed by Business Purpose Credit Card Receivables

SPRING HOUSE, PA – Advanta Corp. announced today that its wholly-owned subsidiary, Advanta Business Receivables Corp., has priced a $100 million business credit card securitization, backed by receivables in revolving business purpose credit card accounts originated by Advanta Bank Corp. The transaction is expected to close on or about September 21, 2005.

Advanta Business Card Master Trust, AdvantaSeries Class C (2005-C1) note issuance is the thirteenth publicly offered transaction issued by the trust and is the fifth publicly offered tranche of notes issued under the AdvantaSeries structure which de-links the issuance of senior and subordinated notes. The AdvantaSeries Class C (2005-C1) transaction is comprised of $100 million of three year notes. The coupon on the notes will be 51 basis points over one-month LIBOR.

Deutsche Bank Securities is acting as the lead manager, Credit Suisse First Boston is acting as a co-lead manager and Merrill Lynch & Co. is acting as a co-manager on the transaction. It is anticipated that the notes will receive ratings from Standard & Poor’s and Moody’s. Advanta will retain the servicing and customer relationships of the revolving business credit card accounts.

Advanta focuses on the small business market and related community, providing funding and support to the nation’s small businesses and business professionals through innovative products and services. Using its direct marketing and information based expertise, Advanta identifies potential customers and provides a high level of service tailored to the unique needs of small businesses. Advanta is one of the nation’s largest issuers (through Advanta Bank Corp.) of MasterCard business credit cards to small businesses. Since 1951, Advanta has pioneered many of the marketing techniques common in the financial services industry today, including remote lending and direct mail, affinity and relationship marketing. Learn more about Advanta at www.advanta.com.