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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):
December 16, 1996
ADVANTA CREDIT CARD MASTER TRUST II
(Exact name of Registrant as specified in its charter)
New York Reg. No. 333-05433 Not Required
(State or other (Commission File (I.R.S. Employer
jurisdiction Number) Identification
of incorporation) Number)
Advanta National Bank USA
Attention: Gene S. Schneyer
Delaware Corporate Center I, 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)
Advanta National Bank
501 Carr Road
Wilmington, Delaware 19809
(302) 791-4400
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Items 1-4. Inapplicable.
Item 5. Other Events.
Information relating to the distributions to Certificateholders for the November
1996 Monthly Period of the Trust in respect of the following Floating Rate Asset
Backed Certificates: Series 1994-B, Series 1994-D, Series 1995-A, Series 1995-C,
Series 1995-D, Series 1995-F, of which Class A-1 is a Fixed Rate, Series 1995-G,
Series 1996-A, of which Class A-1 is a Fixed Rate, Series 1996-B, Series 1996-C,
Series 1996-D and Series 1996-E (the "Certificates") issued by the Registrants
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 December 1, 1993 (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
Bankers Trust Company, as trustee. Capitalized terms not otherwise defined
herein have the meanings assigned in the Agreement.
In August 1996, the Owner/Servicer adopted a new charge-off methodology related
to bankrupt credit card accounts. Under the previous methodology, when the
Owner/Servicer received notification that a credit cardholder had filed a
bankruptcy petition, the account was written off within 30 days of notification.
Under the new methodology, the Owner/Servicer utilizes an investigative period
of up to 90 days from the date of such notification. The receivable, if not
paid during such investigative period, will be charged off unless the
investigation shows that the cardholder's obligation to the Owner/Servicer
should not be discharged as the result of the bankruptcy proceeding. In no
event will the receivable be charged off at later than 186 days contractual
delinquency. As the result of this new methodology, charge-offs of receivables
held by the Trust were lower in November 1996 than they would have been under
the previous methodology and, conversely, delinquent Receivables were higher
by a like amount.
On December 2, 1996 Advanta National Bank USA changed the location of its
principal executive office to Delaware Corporate Center 1, Suite 120, One
Righter Parkway, Wilmington, Delaware 19803. The telephone number also changed
to (302) 266-5600.
Item 6. Inapplicable.
Item 7. Financial Statements,
Pro Forma Financial Information and Exhibits.
1. Monthly Reports for the November 1996 Monthly Period relating to the
following Floating Rate Asset Backed Certificates: Series 1994-B,
Series 1994-D, Series 1995-A, Series 1995-C, Series 1995-D, Series
1995-F, of which Class A-1 is a Fixed Rate, Series 1995-G, Series
1996-A, of which Class A-1 is a Fixed Rate, Series 1996-B, Series
1996-C, Series 1996-D and Series 1996-E issued by the Advanta Credit
Card Master Trust II.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ADVANTA CREDIT CARD MASTER TRUST II
(Registrant)
BY: ADVANTA NATIONAL BANK USA
(Owner/Servicer)
Date: December 16, 1996 By: /s/Michael Coco
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Name: Michael Coco
Title: Vice President
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EXHIBIT INDEX
Sequential
Exhibit Page Number
1. Monthly Reports for the September 1996 Monthly Period relating to the 5
Asset Backed Certificates Series 1994-B, Series 1994-D, Series 1995-A,
Series 1995-C, Series 1995-D, Series 1995-F, Series 1995-G, Series
1996-A, Series 1996-B, Series 1996-C, Series 1996-D and Series 1996-E
issued by the ADVANTA Credit Card Master Trust II.
November, 1996
MONTHLY CERTIFICATEHOLDER'S STATEMENT
Advanta National Bank USA
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ADVANTA CREDIT CARD MASTER TRUST II