Nope, you won't be banned at the moment. Glitch away all you like. Hell, they havent even issued any bans to console modders with god mode.
As soon as they manage to fix all the problems, I would imagine after that point there will be some minor repercussions for using any of the new glitches that will of course be found, but a ban isn't going to happen for glitching.
Just remember, over a long enough time frame and when all cash exploits are seemingly fixed, you are a potential cash card customer. The idea that a company would cut off a possible future source of revenue is just foolish.