Advanta Company Information Is this your company? Add your own content to this page.

We've calculated that the average salary at Advanta is $51K based on 55 user-submitted salaries A total of 13 Advanta employees gave Advanta an average happiness rating of 4.6 out of 5.0.

Advanta Salary Distribution

Advanta Reviews and Ratings

Submit a Review
BlissScore 4.6

Advanta Careers & Info

Advanta Overview

Advanta was a banking corporation that was established as TSO Financial in Pennsylvania in 1951. The bank started as a credit union for schoolteachers, and by 1992, it had expanded to become the sixth largest credit card business in the country. By 1993, the company was the third largest small business credit card supplier in the U.S. At its pinnacle, Advanta's annual revenue was $400 million.

Over the years, Advanta went through a number of acquisitions and company restructures. As the company began losing money, would in effect close a number of its credit card subsidiaries. The company's default rate had risen to an astounding 57%. In 2009, Utah regulators sought to close the company for deceptive business practices.

Advanta Job Information

Advanta once had over 1,100 employees at its offices in Salt Lake City, Utah and Philadelphia. Workers were employed in all areas including banking, technology, and accounting. After a series of layoffs, the company's workforce had dropped from 400 to 200. In 2010 the company's remaining employees were laid off and the company was closed.

We noticed that your web browser is outdated!

Update your browser to have a more positive job search experience.

Upgrade My Browser