JP Morgan is aiming to ban CC on February 3rd and Bank of America to ban CC on February 2nd.
Looks like for right now they will only be banning CC purchases, which is not as bad as it sounds. If someone steals your CC and maxes it out buying cryptocurrency, then that could be a huge problem. Plus people can likely max it out as a way of getting "lent" money they cant afford to pay back.
As long as you can make Bank wires, and Debit card purchases this really shouldn't be a big deal.
This is old news i am replying to, I know that but this is relevant anyway because this happens all over the world with banks doing this. what they don't know is that people will stop using them if they continue this way...