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Pricing Supplement dated August 2, 1996 Rule 424(b)(3)
(To Prospectus dated July 8, 1996 and File No. 333-05701
Prospectus Supplement dated July 8, 1996)
ADVANTA CORP.
Medium-Term Notes, Series C - Floating Rate
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Principal Amount: $5,000,000 Initial Interest Rate: To be determined 8/5/96
Agent's Discount or Commission: $15,000 Stated Maturity Date: 8/9/99
Net Proceeds to Issuer: $4,985,000 Original Issue Date: 8/7/96
Issue Price: 100% Trade Date: 8/2/96
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Calculation Agent: Chase Manhattan Bank Cusip No.: 00756QBT4
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Interest Calculation:
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[X] Regular Floating Rate Note [ ] Floating Rate/Fixed Rate Note
(Fixed Rate Commencement Date):
[ ] Inverse Floating Rate Note (Fixed Interest Date):
(Fixed Interest Rate):
[ ] Other Floating Rate Note (see attached)
Interest Rate Basis:
[ ] CD Rate [ ] Commercial Paper Rate
[ ] Eleventh District Cost of Funds Rate [ ] Federal Funds Rate
[ ] LIBOR Index Currency:
[ ] LIBOR Reuters [ ] Treasury Rate
[X] LIBOR Telerate
[ ] Other:
[ ] CMT Rate
Designated CMT Telerate Page:
Designated CMT Maturity Index:
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Initial Interest Reset Date: 11/7/96 Spread (+/-): +0.3500%
Interest Reset Dates: The 7th day of each Spread Multiplier: N/A
November, February, Maximum Interest Rate: N/A
May and August up to and Minimum Interest Rate: N/A
including May 7, 1999
Interest Payment Dates: The 7th day of each November, February,
May and August until May 7, 1999 with a final interest
payment on August 9, 1999
Index Maturity: 3-Month LIBOR
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Day Count Convention:
[ ] 30/360 for the period from to
[X] Actual/360 for the period from 8/7/96 to 8/8/99
[ ] Actual/Actual for the period from to
Redemption:
[X] The Notes cannot be redeemed prior to the Stated Maturity Date.
[ ] The Notes may be redeemed prior to the 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: N/A
(Applicable only if Specified Currency is other than U.S. dollars)
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:
[ ] 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 offering
price of _____% of principal amount.
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If as Agent:
The Notes are being offered at a fixed initial public offering price
of 100% of principal amount.
[X] Other Provisions: Prudential Securities Incorporated
[ ] Salomon Brothers Inc
[ ] CS First Boston
[ ] Donaldson, Lufkin & Jenrette
Securities Corporation
[ ] Merrill Lynch & Co.
