I'd imagine if you have a card payment reverted to Google and they ban you in return, you're in a world of pain (that you are in the right probably doesn't matter).
Google has a degree of seperation value stored on every account. Once the algorithm determines its been wronged it increases the radius so expect your household members and work colleagues accounts to be at risk when you try this.
Definitely not bullshit. I have a friend who was banned simply for returning a Pixel phone after accidentally ordering 2. Some automated mechanism flagged it as potential fraud and nothing worked to reverse the ban. Going to the bank to block payments, remove authorization, or God forbid, do a chargeback for the money they already took after banning you is playing Russian roulette with your Google account.
It's also the only way to stop Google from stealing your money short of going to a lawyer.
The Youtube account is banned. Google can escalate things and widen the net to ban anything and everything you have in the Google ecosystem, like a Gmail account. You can see here [0] that OP still has access to the Gmail account.
