<PAGE> 1
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): February 18, 1997
ADVANTA CREDIT CARD MASTER TRUST
(Exact name of Registrant as specified in its charter)
New York Reg. No 33-73828 Not Required
(State or other (Commission File (I.R.S.Employer
jurisdiction of Number) Identification
incorporation) Number)
Advanta National Bank USA
Attention: Gene S. Schneyer
Delaware Corporate Center 1, Suite 120
One Righter Parkway, Wilmington, Delaware 19803
(Address of Owner/Servicer)
(Address of principal executive offices)
(302) 266-5600 (Telephone Number of Owner/Servicer)
(Registrant's Telephone Number)
<PAGE> 2
Items 1-4 Inapplicable
Item 5 Other Events
Information relating to the distributions to Certificateholders for the
January 1997 Monthly Period of the Trust in respect of the Class A-1 5.95%
Fixed Rate Asset Backed Certificates, Series 1992-3, the Class A-2 Floating
Rate Asset Backed Certificates, Series 1992-3, Floating Rate Asset Backed
Certificates, Series 1993-2, Floating Rate Asset Backed Certificates, Series
1993-4 and, Floating Rate Asset Backed Certificates, Series 1994-1, (the
"Certificates") issued by the Registrant and to the performance of the Trust
(including collections of Principal Receivables and Finance Charge Receivables,
Principal Receivables in the Trust, delinquent balances in Accounts, the
Investor Default Amounts, the amount of Investor Charge Offs, and the Investor
Servicing Fees), together with certain other information relating to the
Certificates, is contained in the Monthly Report for the Monthly Period
provided to Certificateholders pursuant to the Pooling and Servicing Agreement
dated as of April 1, 1992 (hereinafter as such agreement may have been or
may be from time to time, supplemented, amended or otherwise modified, the
"Agreement") between Advanta National Bank USA and The Chase Manhattan Bank,
formerly known as Chemical Bank, as trustee. Capitalized terms not otherwise
defined herein have the meanings assigned in the Agreement.
As scheduled, Series 1992-3 will begin its scheduled ten-month Controlled
Amortization Period on March 1, 1997. Due to the reduction in the Trust's
principal payment rate and the fact that Series 1992-3 does not share principal
collections with other series in the Trust, the Servicer currently anticipates
that Series 1992-3 Principal Allocations will likely be of amounts less than
the Controlled Amortization Amount. Based on recent monthly principal payment
rates the Servicer anticipates that it may take eleven months for Series 1992-3
to fully pay out, which would make the final Distribution Date for Series
1992-3 the January 1998 Distribution Date, instead of the December 1997
Distribution Date. No assurance, however, can be given that future monthly
principal payment rates will be similiar to recent monthly payments or that the
actual number of months elapsed from the beginning of the Controlled
Amortization Period until the final Distribution Date will equal the
anticipated number of months. Series 1992-3 is the only publicly-issued series
in the Trust that does not share principal collections and therefore the
Servicer anticipates that it should be the only such series in the Trust with
respect to which distributions to Investors of Principal Collections will be in
an amount that is less than a given series Controlled Amortization Amount.
Item 6 Inapplicable
Item 7 Financials Statements, Pro Forma
Financials Information and Exhibits.
1. Monthly Reports for the January 1997 Monthly Period relating to the
Series 1992-3 Class A-1, 5.95% Fixed Rate Asset Backed Certificates,
the Series 1992-3 Class A-2 Floating Rate Asset Backed Certificates, the
Series 1993-2, the Series 1993-4 and the Series 1994-1 Floating Rate
Asset Backed Certificates issued by the Advanta Credit Card Master
Trust.
<PAGE> 3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934 the
Registrant has only caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ADVANTA CREDIT CARD MASTER TRUST
(Registrant)
BY: ADVANTA NATIONAL BANK USA
(owner/Servicer)
Date: February 18, 1997 BY: /s/ Michael Coco
-----------------
Name: Michael Coco
Title: Vice President
<PAGE> 4
EXHIBIT INDEX
<TABLE>
<CAPTION>
Sequential
Exhibit Page Number
- ------- -----------
<S> <C> <C>
1. Monthly Reports for the January 1997 Monthly Period relating to the 5
Class A-1 5.95% Fixed Rate Asset Backed Certificates and Class A-2
Floating Rate Asset Backed Certificates, Series 1992-3, the Floating
Rate Asset Backed Certificates, Series 1993-2, the Floating Rate
Asset Backed Certificates, Series 1993-4 and the Floating Rate
Asset Backed Certificates, Series 1994-1, issued by the Advanta Credit
Card Master Trust.
</TABLE>
<PAGE> 1
January 1997
MONTHLY SERVICER'S CERTIFICATE
ADVANTA NATIONAL BANK USA
ADVANTA CREDIT CARD TRUST
The undersigned, a duly authorized representative of Advanta National Bank USA,
as Servicer ("AUS") pursuant to the Amended and Restated Master Pooling and
Servicing Agreement dated as of April 1, 1992 (the "Agreement"), as amended by
the First Amendment dated February 16, 1995 between AUS, as Seller and
Servicer and The Chase Manhattan Bank, formerly known as Chemical Bank, as
Trustee (the "Trustee") and the Second Amendment dated December 19, 1996
between AUS, as Seller and Servicer and the Trustee does hereby certify as
follows:
1. Capitalized terms used in this Certificate have their
respective meanings set forth in the Agreement: provided that
the "preceding Monthly Period" shall mean the Monthly Period
immediately preceding the calendar month in which this
certificate is delivered. This certificate is delivered
pursuant to subsection 3.04(b) of the Agreement. References
herein to certain sections and subsections are references to
the respective sections and subsections of the Agreement.
2. AUS is as of the date hereof the Servicer under the Agreement.
3. The undersigned is a Servicing Officer.
4. The date of this Certificate is a Determination Date under the
Agreement.
5. The aggregate amount of Collections processed for
the preceding Monthly Period for this Payment Date
is equal to . . . . . . . . . . . . . . . $247,505,152.37
6. The aggregate amount of such Collections allocated to
Principal Receivables for the preceding Monthly Period for
this Payment Date was equal to:
Series 1992-3 $48,044,776.94
Series 1993-2 $38,422,935,16
Series 1993-4 $38,422,935.16
Series 1994-1 $38,422,935.16
7. The aggregate amount of such Collections allocated to Finance
Charges Receivables for the preceding Monthly Period for this
Payment Date was equal to:
Series 1992-3 $6,637,706.97
Series 1993-2 $5,308,385.25
Series 1993-4 $5,308,385.25
Series 1994-1 $4,201,606.17
8. The aggregate amount of such Collections allocated to Finance
Charge Receivables that constitute Recoveries on Defaulted
Accounts for this preceding Monthly Period for this Payment
Date was equal to:
Series 1992-3 $83,287.06
Series 1993-2 $66,607.31
Series 1993-4 $66,607.31
Series 1994-1 $52,719.93
<PAGE> 2
9. The aggregate amount of such Collections of Finance Charge
Receivables that constitute Interchange Fees for the preceding
Monthly Period for this Payment Date was equal to:
Series 1992-3 $833,333.34
Series 1993-2 $666,666.67
Series 1993-4 $583,333.33
Series 1994-1 $395,555.56
10. The aggregate amount of drawings, if any, under the
Enhancement for each Series required to be made on the next
succeeding Distribution Date is equal to:
Series 1992-3 $0.00
Series 1993-2 $0.00
Series 1993-4 $0.00
Series 1994-1 $0.00
11. The amount of the Monthly Investor Servicing Fee required to
be paid on the next succeeding Payment Date for each Series is
equal to:
Series 1992-3 $833,333.33
Series 1993-2 $666,666.67
Series 1993-4 $666,666.67
Series 1994-1 $527,407.41
12. The aggregate sum of all amounts payable to Investor
Certificateholders of each Series on the succeeding Payment
Date in respect of Monthly Investor Interest is equal to:
Series 1992-3 $2,626,736.11
Series 1993-2 $2,164,666.67
Series 1993-4 $2,172,222.22
Series 1994-1 $1,694,249.38
13. The aggregate sum of all amounts payable to Investor
Certificateholders of each Series on the succeeding Payment
Date in respect of Monthly Investor Principal is equal to:
Series 1992-3 $0.00
Series 1993-2 $0.00
Series 1993-4 $0.00
Series 1994-1 $41,777,778.00
14. The Enhancement Amount for each Series as of the close of
business on the following Payment Date, after giving effect to
all deposits, drawings and transfers, will be equal to:
Series 1992-3 $65,000,000.00
Series 1993-2 $52,000,000.00
Series 1993-4 $52,000,000.00
Series 1994-1 $26,986,666.64
<PAGE> 3
15. The existing aggregate Deficit Controlled Amortization Amount
for each Series was equal to:
Series 1992-3 $0.00
Series 1993-2 $0.00
Series 1993-4 $0.00
Series 1994-1 $0.00
16. The average Net Portfolio Yield for the three preceding
Monthly Periods was 12.10%
17. The average Base Rate for each Series for the three preceding
Investor Interest Periods was equal to:
Series 1992-3 8.08%
Series 1993-2 8.05%
Series 1993-4 8.07%
Series 1994-1 7.98%
18. The Investor Percentage for each Series of Collections
allocated to Finance Charge Receivables for the Preceding
Monthly Period was equal to:
Series 1992-3 22.37%
Series 1993-2 17.89%
Series 1993-4 17.89%
Series 1994-1 14.16%
19. The Investor Percentage for each Series of Collections
allocated to Principal receivables for the Preceding Monthly
Period was equal to:
Series 1992-3 22.37%
Series 1993-2 17.89%
Series 1993-4 17.89%
Series 1994-1 17.89%
20. Attached hereto is a true and correct copy of the statement
required to be delivered by the Servicer on the date of this
Certificate to the Trustee pursuant to Section 5.02(a) of the
Agreement
21. As of the date hereof, to the best knowledge of the
undersigned, no default in the performance of the Servicer
under the Agreement has occurred or is continuing except as
follows: [set forth in detail the (i) nature of such default,
(ii) the action taken by the Servicer, if any, to remedy such
default and (iii) the current status of each such default: if
applicable, insert "None"] . . . . . . . . . . . . . . . None
22. As of the date hereof no Liquidation Event or Controlled
Amortization Event has been deemed to have occurred for the
Monthly Period for this Payment Date.
23. As of the date hereof, to the best knowledge of the
undersigned, no Lien has been placed on any of the
Receivables.
In witness whereof, the undersigned has duly executed and delivered this
certificate this February 12, 1997
ADVANTA NATIONAL BANK USA
as Owner/Servicer
/s/ MICHAEL COCO
-------------------------
Michael Coco
Vice President
<PAGE> 4
DELINQUENT BALANCES
The aggregate outstanding balance of Accounts which are 30, 60, 90,
120, 150 and 180 or more days delinquent as of the end of the prior
Monthly Period for such Payment Date is:
<TABLE>
<CAPTION>
AGGREGATE ACCOUNT BALANCE
<S> <C> <C>
(a) 30-59 days: . . . . . . . . . . . . . . . . . . $35,587,502.87
(b) 60-89 days: . . . . . . . . . . . . . . . . . . $20,899,900.78
(c) 90-119 days: . . . . . . . . . . . . . . . . . . $17,479,553.68
(d) 120-149 days: . . . . . . . . . . . . . . . . . $14,591,731.28
(e) 150-179 days: . . . . . . . . . . . . . . . . . $11,708,004.51
(f) 180 or more days: . . . . . . . . . . . . . . . $3,621,096.84
</TABLE>
ADVANTA NATIONAL BANK USA,
as Servicer
/s/ MICHAEL COCO
-----------------------
By: Michael Coco
Vice President
<PAGE> 5
January 1996
MONTHLY CERTIFICATEHOLDER'S STATEMENT
ADVANTA NATIONAL BANK USA
--------------------------------------------------
Advanta Credit Card Master Trust
SERIES 1992-3
- -------------------------------------------------------------------------------
Under Section 5.02 of the Amended and Restated Master Pooling and Servicing
Agreement, dated as of April 1, 1992, (hereinafter as such agreement may have
been or may be from time to time, supplemented, amended or otherwise modified,
the "Agreement") between Advanta National Bank USA as Seller and Servicer and
The Chase Manhattan Bank, formerly known as Chemical Bank, as Trustee (the
"Trustee"), Advanta National Bank USA as Servicer is required to prepare certain
information each month regarding current distributions to Certificateholders and
the performance of the Advanta Credit Card Master Trust (the "Trust") during
the previous month. The information which is required to be prepared with
respect to the Payment Date of February 18, 1997 and with respect to the
performance of the Trust during the month of January 1997 is set forth below.
Certain of the information is presented on the basis of an original principal
amount of $1,000 per Investor Certificate (a "Certificate"). Certain other
information is presented based on the aggregate amounts for the Trust as a
whole. Capitalized terms used herein have their respective meanings set forth
in the Agreement.
A. INFORMATION REGARDING THE CURRENT MONTHLY DISTRIBUTION (STATED
ON THE BASIS OF $1,000 CERTIFICATE).
<TABLE>
<S> <C>
1. The total amount of the distribution to Series 1992-3 Certificateholders
per $1,000 original certificate principal amount
Class A-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.958333
Class A-2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.548611
2. The amount of the distribution set forth in paragraph 1 above with respect to interest on the
Series 1992-3 Certificates, per $1,000 original principal amount
Class A-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.958333
Class A-2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.548611
3. The amount of the distribution set forth in paragraph 1 above with respect to principal on
the Series 1992-3 Certificateholders per $1,000 original principal amount . . . . . . . . . . . . 0.00000
</TABLE>
B. INFORMATION REGARDING THE PERFORMANCE OF THE TRUST
<TABLE>
<S> <C>
1. COLLECTION OF RECEIVABLES.
(a) The aggregate amount of Collections of Receivables processed during the
Monthly Period immediately preceding the Payment Date with the respect
to the Investor Certificates of all Series . . . . . . . . . . . . . . . . . . . $247,505,152.37
(b) The aggregate amount of average Receivables outstanding during the
Monthly Period immediately preceding the Payment Date with the respect
to the investor Certificates of all Series . . . . . . . . . . . . . . . . . . . $2,225,245,619.91
</TABLE>
<PAGE> 6
<TABLE>
<S> <C>
(c) The aggregate amount of Collections of Receivables in respect of
Finance Charge Receivables processed during the Monthly Period
immediately preceding the Payment Date which were allocated with
respect to Series 1992-3 Certificates . . . . . . . . . . . . . . . . . . . . . . . . $6,637,706.97
(d) The aggregate amount of Collections of Receivables in respect of
Principal Receivables processed during the Monthly Period immediately
preceding the Payment Date which were allocated with respect to
Series 1992-3 Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . $48,044,776.94
2. PRINCIPAL RECEIVABLES IN THE TRUST:
(a) The aggregate amount of Principal Receivables as of the end of the last day
of the preceding Monthly Period (which reflects the Principal Receivables
represented by the Exchangeable Seller's Certificate and by the Investor
Certificates of all Series) . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,149,826,608.87
(b) The aggregate amount of Principal Receivables in the Trust represented by
the Series 1992-3 Certificates (the "Investor Amount") as of the end of
the last day of the preceding Monthly Period . . . . . . . . . . . . . . . . . . . $500,000,000.00
(c) The Investor Amount on the date of issuance of the Series 1992-3 Investor
Certificates (the "Initial Investor Amount") . . . . . . . . . . . . . . . . . . . $500,000,000.00
(d) The Investor Percentage with respect to the allocation of charged-off
Receivables to Series 1992-3 Certificateholders . . . . . . . . . . . . . . . . . . . . . . 22.37%
(e) The Investor Percentage with respect to the allocation of Principal
Receivables to Series 1992-3 Certificateholders . . . . . . . . . . . . . . . . . . . . . . 22.37%
3. INVESTOR CHARGED-OFF AMOUNT
The aggregate of the Investor Charged-Off Amounts for the Monthly Period
corresponding to the Payment Date allocable to the Series 1992-3 Certificates . . . . . . . . $2,839,472.60
4. REDUCTION AMOUNT: REIMBURSEMENT OF REDUCTION AMOUNT
(a) The amount of the drawing, if any, under the Enhancement . . . . . . . . . . . . . . . . . . $0.00
(b) The excess of the Reduction Amount allocable to the Series 1992-3 Certificates over
the amount of the drawing, if any, under the Enhancement made to reimburse the Series
1992-3 Certificateholders for such amount written off . . . . . . . . . . . . . . . . . . . . $0.00
(c) The Reduction Amount set forth in Item 5(b) above, per $1,000 interest (which will
have the effect of reducing, pro rata, the amount of each Series 1992-3 Investor
Certificateholder's investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.000000
</TABLE>
<PAGE> 7
<TABLE>
<S> <C>
(d) The total amount reimbursed to the Trust for such Payment Date in respect of the
Reduction Amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
(e) The amount set forth in Item 5(d) above, per $1,000 interest (which will have the
effect of increasing, pro rata, the amount of each Series 1992-3 Certificateholder's
investment) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.000000
(f) The amount, if any, by which the outstanding principal balance of the Investor
Certificates exceeds the Series 1992-3 Investor Amount as of the end of the day on the
Record date with respect to the Payment Date . . . . . . . . . . . . . . . . . . . . . . . . $0.00
5. INVESTOR SERVICING FEE
The amount of the Series 1992-3 Monthly Servicing Fee payable to the Servicer for
the Payment Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $833,333.33
6. AVAILABLE ENHANCEMENT AMOUNT
(a) The amount available to be drawn under the Enhancement for the Series 1992-3
Certificates as of the close of business on such Payment date, after giving
effect to any drawings on the Enhancement Provider on such Payment Date . . . . . . $65,000,000.00
(b) The ratio of the Available Enhancement Amount to the Investor Amount of
the Series 1992-3 Certificates as of the close of business on such Payment
date, after giving effect to any drawings on the Enhancement and payments
to the Enhancement Provider on such Payment Date . . . . . . . . . . . . . . . . . . . . . . 13.00%
7. CARRYOVER CONTROLLED AMORTIZATION AMOUNT
The existing Carryover Controlled Amortization Amount for such Distribution Amount . . . . . . . . . . $0.00
C. THE POOL FACTOR
The Pool Factor for the Preceding Record Date (which represents the ratio of the
amount of the Investor Amount as of such Record Date (adjusted after taking into
account any reduction in the Investor Amount which will occur on the following
Payment Date) to the Initial Investor Amount). The amount of a Certificateholder's
pro rata share of the Investor Amount can be determined by multiplying
the original denomination of the Holder's Certificate by the Pool Factor . . . . . . . . . . . . . . . 1.00
D. RECEIVABLES BALANCE
1 . The aggregate amount of Principal Receivables in the Trust at the close of
business on the last day of the immediately preceding Monthly Period (which
reflects the Principal Receivables represented by Exchangeable Seller's
Certificate and by the Investor Certificates of all Series) . . . . . . . . . . . . . . . $2,149,826,608.87
</TABLE>
<PAGE> 8
<TABLE>
<S> <C> <C>
2. The aggregate amount of Finance Charge Receivables in the Trust as the close
of business on the last day of the immediately preceding Monthly Period . . . . . . . . . . $32,870,700.41
</TABLE>
<PAGE> 9
DELINQUENT BALANCES
The aggregate outstanding balance of Accounts which are 30, 60, 90,
120, 150 and 180 or more days delinquent as of the end of the prior
Monthly Period for such Payment Date is:
<TABLE>
<CAPTION>
AGGREGATE ACCOUNT BALANCE
<S> <C> <C>
(a) 30-59 days: . . . . . . . . . . . . . . . . . . $35,587,502.87
(b) 60-89 days: . . . . . . . . . . . . . . . . . . $20,899,900.78
(c) 90-119 days: . . . . . . . . . . . . . . . . . . $17,479,553.68
(d) 120-149 days: . . . . . . . . . . . . . . . . . $14,591,731.28
(e) 150-179 days: . . . . . . . . . . . . . . . . . $11,708,004.51
(f) 180 or more days: . . . . . . . . . . . . . . . $3,621,096.84
</TABLE>
ADVANTA NATIONAL BANK USA,
as Servicer
/s/ MICHAEL COCO
---------------------------
By: Michael Coco
Vice President
<PAGE> 10
January 1997
MONTHLY CERTIFICATEHOLDER'S STATEMENT
ADVANTA NATIONAL BANK USA
--------------------------------------------------
ADVANTA CREDIT CARD MASTER TRUST
Series 1993-2
- -------------------------------------------------------------------------------
Under the Amended and Restated Master Pooling and Servicing Agreement (the
"Agreement"), dated as of April 1, 1992, by and between Advanta National Bank
USA ("AUS") as Seller and Servicer, and The Chase Manhattan Bank, formerly
known as Chemical Bank, as Trustee, AUS, as Servicer, is required to prepare
certain information each month regarding current distributions to all Investor
Certificateholders of Series 1993-2 and the performance of the ADVANTA Credit
Card Master Trust ("the Trust") during the previous Monthly Period. The
information which is required to be prepared with respect to the distribution on
the February 18, 1997 Payment Date (the "Payment Date") and with respect to the
performance of the Trust during the Monthly Period for such Payment Date is set
forth in the Certificate prepared in accordance with Section 5.2(a) of the
Agreement and additional information specific to the Series 1993-2 Certificates
is set forth below in accordance with section 4.2 of the Series 1993-2
Supplement to the Agreement. Certain of the information is presented on the
basis of an original principal amount of $1,000 per Investor Certificate of
Series 1993-2. Certain other information is presented based on the aggregate
amounts for the Trust as a whole. All capitalized terms used herein shall have
their respective meanings set forth in the Agreement.
<TABLE>
<S> <C> <C>
1. The total amount of the distribution on the Payment Date per $1 000 original principal
amount of the Investor Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.411667
2. The amount of the distribution set forth in paragraph I above in respect of principal,
per $1,000 original principal amount of the Investor Certificates . . . . . . . . . . . . . . . . . . . . 0.000000
3. The amount of distribution set forth in paragraph 1 above in respect of interest, per
$1,000 original principal amount of the Investor Certificates . . . . . . . . . . . . . . . . . . . . . . 5.411667
4. The aggregate amount of Collections of Receivables processed for the prior
Monthly Period which were allocated in respect of the Investor Certificates . . . . . . . . . . . . $44,464,594.39
5. The aggregate amount of Collections of Principal Receivables processed during
the prior Monthly Period and allocated in respect of the Investor Certificates . . . . . . . . . . . $38,422,935.16
6. The aggregate amount of Collections of Finance Charge Receivables processed during the
prior Monthly Period and allocated in respect of the Investor Certificates . . . . . . . . . . . . . . $5,308,385.25
7. The Investor Charged-Off Amount for the prior Monthly Period is . . . . . . . . . . . . . . . . . . . $2,270,816.49
</TABLE>
<PAGE> 11
<TABLE>
<S> <C> <C>
8. The aggregate amount of the Reduction Amounts for Series 1993-2 for the Monthly Period is . . . . . . . . . . $0.00
9. The aggregate amount of the Reduction Amounts for Series 1993-2 reimbursed on such Payment Date is . . . . . . $0.00
10. The amount of the Monthly Investor Servicing Fee for the prior Monthly
Period is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $666,666.67
11. The Pool Factor as of the end of the last day of the prior Monthly
Period is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.00
12. The amount, if any, by which the outstanding principal balance of the Investor Certificates
exceeds the Investor Amount as of the end of the day on the Record Date with respect to such
Payment Date (after giving effect to any activity on such Payment Date) is . . . . . . . . . . . . . . . . . . $0.00
13. The Investor Amount after giving effect to any payments on such Payment Date is . . . . . . . . . . $400,000,000.00
14. The Cash Collateral Guaranty Amount as of the close of business on the Payment Date is . . . . . . . $52,000,000.00
15. The amount by which the Net Portfolio Yield for such Monthly Period exceeds the Base Rate
for the related Investor Interest Period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.82%
16. The aggregate existing Carryover Controlled Amortization Amount with respect to Series 1993-2
(after giving effect to any activity on such Payment Date) is . . . . . . . . . . . . . . . . . . . . . . . . $0.00
17. The Investor Percentage with respect to Principal Receivables is . . . . . . . . . . . . . . . . . . . . . . . 17.89%
and with respect to Finance Charge Receivables is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.89%
</TABLE>
<PAGE> 12
DELINQUENT BALANCES
The aggregate outstanding balance of Accounts which are 30, 60, 90,
120, 150 and 180 or more days delinquent as of the end of the prior
Monthly Period for such Payment Date is:
<TABLE>
<CAPTION>
AGGREGATE ACCOUNT BALANCE
<S> <C> <C>
(a) 30-59 days: . . . . . . . . . . . $35,587,502.87
(b) 60-89 days: . . . . . . . . . . . $20,899,900.78
(c) 90-119 days: . . . . . . . . . . . $17,479,553.68
(d) 120-149 days: . . . . . . . . . . $14,591,731.28
(e) 150-179 days: . . . . . . . . . . $11,708,004.51
(f) 180 or more days: . . . . . . . . $3,621,096.84
</TABLE>
ADVANTA NATIONAL BANK USA,
as Servicer
/s/ MICHAEL COCO
---------------------------
By: Michael Coco
Vice President
<PAGE> 13
January 1997
MONTHLY CERTIFICATEHOLDER'S STATEMENT
ADVANTA NATIONAL BANK USA
--------------------------------------------------
ADVANTA CREDIT CARD MASTER TRUST
Series 1993-4
- -------------------------------------------------------------------------------
Under the Amended and Restated Master Pooling and Servicing Agreement (the
"Agreement"), dated as of April 1, 1992, by and between Advanta National Bank
USA ("AUS") as Seller and Servicer, and The Chase Manhattan Bank, formerly known
as Chemical Bank, as Trustee, AUS, as Servicer, is required to prepare certain
information each month regarding current distributions to all Investor
Certificateholders of Series 1993-4 and the performance of the ADVANTA Credit
Card Master Trust (the "Trust") during the previous Monthly Period. The
information which is required to be prepared with respect to the distribution on
the February 18, 1997 Payment Date (the "Payment Date") and with respect to the
performance of the Trust during the Monthly Period for such Payment Date is set
forth in the Certificate prepared in accordance with Section 5.2(a) of the
Agreement and additional information specific to to Series 1993-4 Certificates
is set forth below in accordance with section 4.2 of the Series 1993-4
Supplement to the Agreement. Certain of the information is presented on the
basis of an original principal amount of $1,000 per Investor Certificate of
Series 1993-4. Certain other information is presented based on the aggregate
amounts for the Trust as a whole. All capitalized terms used herein shall have
their respective meanings set forth in the Agreement.
<TABLE>
<S> <C> <C>
1. The total amount of the distribution on the Payment
Date per $1 000 original principal amount of the
Investor Certificates . . . . . . . . . . . . . . . . . . . 5.430556
2. The amount of the distribution set forth in
paragraph 1 above in respect of principal, per
$1,000 original principal amount of the
Investor Certificates . . . . . . . . . . . . . . . . . . . 0.000000
3. The amount of distribution set forth in
paragraph 1 above in respect of interest,
per $1,000 original principal amount of the
Investor Certificates . . . . . . . . . . . . . . . . . . . 5.430556
4. The aggregate amount of Collections of Receivables
processed for the prior Monthly Period which were
allocated in respect of the Investor Certificates . . . $44,381,261.05
5. The aggregate amount of Collections of Principal
Receivables processed during the prior Monthly
Period and allocated in respect of the
Investor Certificates . . . . . . . . . . . . . . . . . $38,422,935.16
6. The aggregate amount of Collections of Finance
Charge Receivables processed during the prior
Monthly Period and allocated in respect of the
Investor Certificates . . . . . . . . . . . . . . . . . $5,308,385.25
7. The Investor Charged-Off Amount for the prior
Monthly Period is . . . . . . . . . . . . . . . . . . . $2,270,816.49
</TABLE>
<PAGE> 14
<TABLE>
<S> <C> <C>
8. The aggregate amount of the Reduction Amounts for Series 1993-4
for the Monthly Period is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
9. The aggregate amount of the Reduction Amounts for Series 1993-4
reimbursed on such Payment Date is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
10. The amount of the Monthly Investor Servicing Fee for the prior Monthly
Period is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $666,666.67
11. The Pool Factor as of the end of the last day of the prior Monthly
Period is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.00
12. The amount, if any, by which the outstanding principal balance of the
Investor Certificates exceeds the Investor Amount as of the end of the
day on the Record Date with respect to such Payment Date (after giving
effect to any activity on such Payment Date) is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
13. The Investor Amount after giving effect to any payments on such
Payment Date is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $400,000,000.00
14. The Invested Amount after giving effect to payments on such
Payment Date is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $400,000,000.00
15. The Pre-Funded Amount after giving effect to payments on such
Payment Date is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.00
16. The Cash Collateral Guaranty Amount as of the close of business on the
Payment Date is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $52,000,000.00
17. The amount by which the Net Portfolio Yield for such Monthly Period exceeds
the Base Rate for the related Investor Interest Period . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.55%
18. The aggregate existing Carryover Controlled Amortization Amount with respect
to Series 1993-4 (after giving effect to any activity on such Payment Date) is . . . . . . . . . . . . . . . . $0.00
19. The Investor Percentage with respect to Principal Receivables is . . . . . . . . . . . . . . . . . . . . . . . 17.89%
and with respect to Finance Charge Receivables is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.89%
</TABLE>
<PAGE> 15
DELINQUENT BALANCES
The aggregate outstanding balance of Accounts which are 30, 60, 90,
120, 150 and 180 or more days delinquent as of the end of the prior
Monthly Period for such Payment Date is:
<TABLE>
<CAPTION>
AGGREGATE ACCOUNT BALANCE
<S> <C> <C>
(a) 30-59 days: . . . . . . . . . . . . . . . . . . $35,587,502.87
(b) 60-89 days: . . . . . . . . . . . . . . . . . . $20,899,900.78
(c) 90-119 days: . . . . . . . . . . . . . . . . . . $17,479,553.68
(d) 120-149 days: . . . . . . . . . . . . . . . . . $14,591,731.28
(e) 150-179 days: . . . . . . . . . . . . . . . . . $11,708,004.51
(f) 180 or more days: . . . . . . . . . . . . . . . $3,621,096.84
</TABLE>
ADVANTA NATIONAL BANK USA,
as Servicer
/s/ MICHAEL COCO
----------------------------
By: Michael Coco
Vice President
<PAGE> 16
January 1997
MONTHLY CERTIFICATEHOLDER'S STATEMENT
ADVANTA NATIONAL BANK USA
--------------------------------------------------
ADVANTA CREDIT CARD MASTER TRUST
Series 1994-1
- -------------------------------------------------------------------------------
Under the Amended and Restated Master Pooling and Servicing Agreement (the
"Agreement"), dated as of April 1, 1992, by and between Advanta National Bank
USA ("AUS") as Seller and Servicer, and The Chase Manhattan Bank, formerly known
as Chemical Bank, as Trustee. AUS, as Servicer, is required to prepare certain
information each month regarding current distributions to all Investor
Certificateholders of Series 1994-1 and the performance of the ADVANTA Credit
Card Master Trust (the "Trust") during the previous Monthly Period. The
information which is required to be prepared with respect to the distribution on
the February 18, 1997 Payment Date (the "Payment Date") and with respect to the
performance of the Trust during the Monthly Period for such Payment Date is set
forth in the Certificate prepared in accordance with Section 5.2(a) of the
Agreement and additional information specific to the series 1994-1 Certificates
is set forth below in accordance with section 4.2 of the series 1994-1
Supplement to the Agreement. Certain of the information is presented on the
basis of an original principal amount of $1,000 per Investor Certificate of
Series 1994-1. Certain other information is presented based on the aggregate
amounts for the Trust as a whole. All capitalized terms used herein shall have
their respective meanings set forth in the Agreement.
<TABLE>
<S> <C> <C>
1. The total amount of the distribution on the Payment Date per $1,000 original principal amount of
Class A Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115.261420
2. The total amount of the distribution on the Payment Date per $1,000 original principal amount of
Class B Certificates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.572222
3. The amount of the distribution set forth in paragraph 1 above in respect of principal per
$1,000 original principal amount of the Class A Certificates . . . . . . . . . . . . . . . . . . . . . . 111.111112
4. The amount of the distribution set forth in paragraph 2 above in respect of principal per
$1,000 original principal amount of the Class B Certificates . . . . . . . . . . . . . . . . . . . . . . 0.000000
5. The amount of distribution set forth in paragraph 1 above in respect of interest, per $1,000
original principal amount of the Class A Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 4.150309
6. The amount of distribution set forth in paragraph 2 above in respect of interest, per $1,000
original principal amount of the Class B Certificates . . . . . . . . . . . . . . . . . . . . . . . . . 5.572222
</TABLE>
<PAGE> 17
<TABLE>
<S> <C> <C>
7. The aggregate amount of Collections of Receivables processed for the prior Monthly Period which
were allocated in respect of the Series 1994-1 Certificates . . . . . . . . . . . . . . . . . . . . $43,072,816.82
8. The aggregate amount of Collections of Principal Receivables processed during the prior Monthly
Period and allocated in respect of the Series 1994-1 Certificates . . . . . . . . . . . . . . . . . $38,422,935.16
9. The aggregate amount of Class B Principal Collections processed during the prior Monthly
Period and allocated in respect of the Class B Certificates . . . . . . . . . . . . . . . . . . . . . $2,298,073.81
10. The aggregate amount of Collections of Finance Charge Receivables processed during the prior Monthly
Period and allocated in respect of the Class A Certificates . . . . . . . . . . . . . . . . . . . . . $3,881,144.71
11. The aggregate amount of Collections of Finance Charge Receivables processed during the prior Monthly
Period and allocated in respect of the Class B Certificates . . . . . . . . . . . . . . . . . . . . . . $320,461.46
12. The Class A Investor Charged-Off Amount for the prior Monthly Period is . . . . . . . . . . . . . . . $1,660,272.76
13. The Class B Investor Charged-Off Amount for the prior Monthly Period is . . . . . . . . . . . . . . . . $137,086.74
14. The aggregate amount of Class A Reduction Amounts for the prior Monthly Period is . . . . . . . . . . . . . . $0.00
15. The aggregate amount of Class B Reduction Amounts for the prior Monthly Period is . . . . . . . . . . . . . . $0.00
16. The aggregate amount of Class A Reduction Amounts reimbursed on such Payment Date is . . . . . . . . . . . . . $0.00
17. The aggregate amount of Class B Reduction Amounts reimbursed on such Payment Date is . . . . . . . . . . . . . $0.00
18. The amount of the Class A Monthly Servicing Fee for the prior Monthly Period is . . . . . . . . . . . . $487,407.41
19. The amount of the Class B Monthly Serviceing Fee for the prior Monthly Period is . . . . . . . . . . . $40,000.00
20. The Class A Pool Factor as of the end of the last day of the prior Monthly Period is . . . . . . . . . . . 0.66667
21. The Class B Pool Factor as of the end of the last day of the prior Monthly Period is . . . . . . . . . . . 1.00000
22. The Class A Investor Amount after giving effect to any payments on such Payment Date is . . . . . . $250,666,666.00
</TABLE>
<PAGE> 18
<TABLE>
<S> <C> <C>
23. The Class B Investor Amount after giving effect to any payments on such Payment Date is . . . . . . $24,000,000.00
24. The amount, if any, by which the outstanding principal balance of the Class A Certificates
exceeds the Class A Investor Amount after giving effect to any activity on such Payment Date is . . . . . . . 0.00
25. The amount, if any, by which the outstanding principal balance of the Class B Certificates
exceeds the Class B Investor Amount after giving effect to any activity on such Payment Date is . . . . . . . 0.00
26. The Available Cash Collateral Amount as of the close of business on such Payment Date is . . . . . $26,986,666.64
27. The Available Shared Enhancement Amount as of the close of business on such Payment Date is . . . . $18,986,666,64
28. The amount by which the Net Portfolio Yield for such Monthly Period exceeds the Base Rate
for such Monthly Period is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.39%
29. The amount of Interchange with respect to the prior Monthly Period is . . . . . . . . . . . . . . . . . $395,555.56
30. The amount of Servicer Interchange with respect to the prior Monthly Period is . . . . . . . . . . . . $527,407.41
31. The aggregate existing Carryover Controlled Amortization Amount with respect
to Series 1994-1 (after giving effect to any activity on such Payment Date) is . . . . . . . . . . . . . . . . $0.00
32. The Investor Percentage with respect to Principal Receivables is . . . . . . . . . . . . . . . . . . . . . . 17.89%
and with respect to Finance Charge Receivables is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.16%
</TABLE>
<PAGE> 19
DELINQUENT BALANCES
The aggregate outstanding balance of Accounts which are 30, 60, 90,
120, 150 and 180 or more days delinquent as of the end of the prior
Monthly Period for such Payment Date is:
<TABLE>
<CAPTION>
AGGREGATE ACCOUNT BALANCE
<S> <C> <C>
(a) 30-59 days: . . . . . . . . . . . . . . . . . . $35,587,502.87
(b) 60-89 days: . . . . . . . . . . . . . . . . . . $20,899,900.78
(c) 90-119 days: . . . . . . . . . . . . . . . . . . $17,479,553.68
(d) 120-149 days: . . . . . . . . . . . . . . . . . $14,591,731.28
(e) 150-179 days: . . . . . . . . . . . . . . . . . $11,708,004.51
(f) 180 or more days: . . . . . . . . . . . . . . . $3,621,096.84
</TABLE>
ADVANTA NATIONAL BANK USA,
as Servicer
/s/ MICHAEL COCO
---------------------------
By: Michael Coco
Vice President
