I wouldn't call it a trap: they don't claim renewals are taken at a loss (and I wouldn't expect them to).
They charge $10.16/year to renew a .com (including the ICANN fee). Pretty reasonable to me, plus they let you specify your own nameserver for the domain.
I've been very happy with NameCheap: I was originally on GoDaddy (I was young and stupid), moved to 1&1 (still young, still stupid), and I've been with NameCheap ever since (~4 years).
They charge $10.16/year to renew a .com (including the ICANN fee). Pretty reasonable to me, plus they let you specify your own nameserver for the domain.
I've been very happy with NameCheap: I was originally on GoDaddy (I was young and stupid), moved to 1&1 (still young, still stupid), and I've been with NameCheap ever since (~4 years).