ADVANTA CORP
424B3, 1994-02-22
PERSONAL CREDIT INSTITUTIONS
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<PAGE>   1

Pricing Supplement dated February 16, 1994                    Rule 424(b)(3) 
(To Prospectus dated November 8, 1993 and                     File No. 33-50883 
Prospectus Supplement dated December 3, 1993)

                                 ADVANTA CORP.
                  Medium-Term Notes, Series A - Floating Rate
<TABLE>
<S>                                                     <C>                  
=============================================================================================================
Principal Amount:  $7,500,000                          Initial Interest Rate:   To Be Determined 2/25/94
Agent's Discount or Commission:   $33,750               Stated Maturity Date:  1/15/99
Net Proceeds to Issuer:  $7,466,250                     Original Issue Date:  3/1/94
Issue Price:  100%                                      Trade Date:  2/16/94                     
=============================================================================================================
Calculation Agent:  The Chase Manhattan Bank            Cusip No.:   00756QAF5
                    (National Association)
</TABLE>

Interest Calculation:

<TABLE>
    <S>                                                 <C>
    /X/Regular Floating Rate Note                       / /Floating Rate/Fixed Rate Note
                                                             (Fixed Rate Commencement Date):
                                                                (Fixed Interest Date):
    / /Inverse Floating Rate Note
       (Fixed Interest Rate):

    / /Other Floating Rate Note (see attached)
</TABLE>


Interest Rate Basis:

<TABLE>
    <S>                                                      <C>
    / /CD Rate                                               / /Commercial Paper Rate

    / /Eleventh District Cost of Funds Rate                  / /Federal Funds Rate

    /X/LIBOR            Index Currency:  U.S. Dollars

             / /LIBOR Reuters                                / /Treasury Rate

             /X/LIBOR Telerate as posted on page             / /Other (see attached)
                3750, except with respect to the
                initial rate which will be based
                on the interpolation between the 
                average of the four one week LIBOR
                rates and the average of the four
                one month LIBOR rates posted on page
                3875 on February 25, 1994.
</TABLE>

<TABLE>
<S>                                                            <C>
Initial Interest Reset Date:  3/16/94                          Spread (+/-):+48 bps
Interest Reset Dates: Third Wednesday of each month            Spread Multiplier:N/A
                      in each year                    
                                  
Interest Payment Dates:  Third Wednesday of                    Maximum Interest Rate:N/A
                         each month in each year     
                                      
Index Maturity:   One Month Libor, except with                  Minimum Interest Rate:N/A
                  respect to the initial rate
                  which will be based on the
                  interpolation referred to  
                  above under "Interest Rate
                  Basis".
</TABLE>

Day Count Convention:

             / /  30/360 for the period from          to

             /X/  Actual/360 for the period from 3/1/94 to 1/15/99

             / /  Actual/Actual for the period from          to
<PAGE>   2
Redemption:

            /X/The Notes cannot be redeemed prior to the Stated Maturity Date.

            / /The Notes may be redeemed prior to Stated Maturity Date.
               Initial Redemption Date:
               Initial Redemption Percentage: --%
               Annual Redemption Percentage Reduction: --% until Redemption 
               Percentage is 100% of the principal amount.

Repayment:

            /X/The Notes cannot be repaid prior to the Stated Maturity Date.

            / /The Notes can be repaid prior to the Stated Maturity Date at 
               the option of the holder of the Notes.
               Optional Repayment Date(s):
               Repayment Price: --%

Currency:

         Specified Currency: U.S. Dollars
         (If other than U.S. dollars, see attached)

         Minimum Denominations:
         $75,000 and integral multiples of $1,000 in excess thereof

Original Issue Discount:

                           / /Yes  /X/No

         Total Amount of OID:
         Yield to Maturity:
         Initial Accrual Period:

Form:

         /X/Book Entry     / /Certificated

Agent acting in the capacity as indicated below:

         /X/Agent          / /Principal

If as Principal: N/A

         / /The Notes are being offered at varying prices related to 
            prevailing market prices at the time of resale.

         / /The Notes are being offered at a fixed initial public price of --% 
            of principal amount.

If as Agent:

         The Notes are being offered at a fixed initial public offering price 
         of 100% of principal amount.

/X/Other Provisions:   Agent: Dain Bosworth, Inc.                
                       --------------------------

            / /Merrill Lynch & Co.

                                   / /CS First Boston

                                                       / /Salomon Brothers Inc




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