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Advanta has been in the business news. They are about 10th or 11th largest CC bank in the US but did no personal accounts so aren't well know to the public. They specialized in small business. Their default rate is pushing 20%, which is killing them. I feel sorry for many Advanta employees that are losing their jobs.
Personally I feel a bit irritated at the company since I found out a couple months ago when I didn't quite PIF that they were doing two cycle billing. I will be sorry to see them go since after Amex killed my Business Capital Line, they were about half of my total CL that didn't report on my personal credit reports
Ya I got my Notification by email the other day
So now what? Who Cares