ADVANTA CORP
424B3, 1997-05-20
PERSONAL CREDIT INSTITUTIONS
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<PAGE>   1





Pricing Supplement dated May 18, 1997                           Rule 424(b)(3)
(To Prospectus dated October 23, 1995)                       File No. 33-62601

                         $190,587,000 Principal Amount

                                 Advanta Corp.

                                  91 Day Notes
                      Six, Eighteen and Thirty Month Notes
             One, Two, Three, Four, Five, Seven and Ten Year Notes


<TABLE>
<CAPTION>
                                         Annual                                         Annual
                         Interest      Percentage                      Interest       Percentage
                           Rate           Yield                          Rate            Yield
 Maturity               Per Annum        (APY)*      Maturity          Per Annum        (APY)*
 --------               ---------    ---------       --------          ---------        -----
 <S>                      <C>             <C>        <C>                 <C>             <C>
 91 Days                  5.83%           6.00%      One Year            6.86%           7.10%
 Six Months               6.16%           6.35%      Two Years           7.09%           7.35%
 Eighteen Months          6.95%           7.20%      Four Years          7.42%           7.70%
 Thirty Months            7.23%           7.50%      Five Years          7.56%           7.85%
</TABLE>



- -----------------
(*) Effective annual yield assumes interest reinvested at the
current daily rate.  Substantial penalty for early withdrawal.




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