Banks are mass shutting down credit cards with no warning

I found out today that one of my credit card accounts shut down. Apparently the bank simply decided to stop the entire credit card program.

No warning.

No notice.

No nothing.

We paid our bill on time every month and we were not maxed out. We had the card for less than a year. I spoke to my mentor and he said he same thing happened to him 2 weeks ago.

I’m seeing nothing in the media about this.

As someone who lived through the 2008 crisis, this type activity screams that a market crash is imminent. I honestly hope I’m wrong.

Let me know if you’re seeing similar issues.