This tool is just for pulling, not cutting, frets. Its special flush-ground 1/2" jaws are small enough for a better bite. It lets you "walk" the wire out of the slot, helps minimize wood chipping, and does a better job of pulling frets than wider cutters.
Works on stainless frets, too! All of our tools are suitable for use on stainless-steel fretwire, with the exception of our Fret Tang Nippers and Fret Cutters. Modern stainless-steel fretwire is known to be harder than the traditional nickel-silver blends, but our own shop experience indicates the wire does not cause premature wear of files or sandpapers.