Posted July 12th, 2012, 09:26 AM
We have not used the Lisboa card in particular, but we've been to Lisbon and seen many of the sights on the card, and we've used these type of cards in London, Paris, and Rome. Almost all of them include unlimited public transport. They have always worked as advertised; never had an issue using one of them.
There are two major types of passes - one type is expensive, but all the attractions are free; the second is relatively cheap, but few things are free. The Lisboa card seems more like the second - a few freebies, more discounts.
We tend to prefer the expensive one where everything is free; that way, we go to a lot of attractions but tour them quickly. If you have to pay, even at a discount, it slows us down because we feel as if we have to stay and see the entire attraction to get our money's worth. Plus, most of the expensive passes let you jump the line, or take a separate entrance - in Paris or London, when it gets mobbed (think the Louvre), that can be very nice!
Should also note that when we were there, public transport in Lisbon was dirt cheap - an all day pass runs about 5€, and you can buy it in a minute at the automated ticket machines in the Metro stations. So your 48h ticket includes 10€ worth of transportation, and about 20€ worth of admission fees.
If you're going to visit most of the freebies, I'd say it's worth buying the pass. If you're going to visit relatively few of the freebies, and just go to the ones where you get a discounted entry, the pass may not pay for itself; in that case, you would do better to buy your own transport pass and just buy tickets for the places you visit. For a first-time visitor who wants to do things on their own, the pass is probably a good deal.
Enjoy Lisbon - it's a great city! We've been there twice; once for disembarkation, so we had two full days there. You can see most of the city in that time. The second time was just a cruise stop, and we took the train to Sintra - another highly recommended excursion, though it's almost an hour out of town. Lots of enjoyable things to choose!
JP and Chris
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