Sounds good, doesn’t it? GiftCards.com recently announced, as a gesture to help people for whom every buck counts, a gift card that has no montly fee. Their normal gift cards come with plenty of fees, including a per-transaction fee, ATM fee, international use fee, and even a fee to change your PIN number. The new montly feeless NMF Visa gift card, while it has no montly fee (until the expiration date passes), seems to make up for it in other ways, including a higher per-transaciton fee, a $15 expiration fee (that is assessed when your card expires), and a higher issuance fee. It also isn’t clear from the language in the press release and the cards terms & conditions, but it appears that the NMF card expires after only one year, unlike their normal cards that expire after 2 years.

Not such a good deal after all.

One of these days I’m going to survey every open-loop gift card I can find to figure out which one of them is the best, or most likely in the realm of gift cards, the least worst.