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  1. IDFC Bank switches to Elite Assist from DreamFolks; how does this affect you?

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IDFC Bank switches to Elite Assist from DreamFolks; how does this affect you?

Upstox

2 min read | Updated on September 23, 2025, 11:59 IST

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SUMMARY

DreamFolks has said that while domestic airport lounge access has been discontinued, it will continue to manage global lounge business and other domestic services.

DreamFolks lounge, IDFC Bank lounge access

An airport lounge access card allows customers to enjoy free access to airport lounges through a priority pass membership.

IDFC Bank recently announced that its domestic airport lounge access program for debit cardholders, previously managed by DreamFolks, will now be managed by Elite Assist.

Effective September 15, IDFC First Bank switched from the Airport Service Provider DreamFolks to Travel Food Services Limited (TFSL)’s subsidiary Elite Assist as its lounge access partner.

This comes after TFSL discontinued its partnership with DreamFolks after unsuccessful negotiations and said that its subsidiary Elite Assist will engage with banks and networks directly.

What changes for IDFC Bank debit cardholders?

The number of complimentary lounge visits will remain the same under the new program with Elite Assist. Customers will enjoy the same number of complimentary accesses at over 45 domestic airport lounges.

Complimentary lounge access (per quarter), card-wise:
Card TypeComplimentary Lounge Access (per quarter)
FIRST Private4 + 4 visits (self + companion)
FIRST Wealth3 + 3 visits (self + companion)
FIRST Select2 + 2 visits (self + companion)
Visa Signature2 visits (self only)
Visa Platinum1 visit (self only)
Mastercard World1 visit (self only)

To access domestic lounges at airports, cardholders can swipe their IDFC Bank debit card. The entry would be subject to successful authentication.

What is an airport lounge access card?

An airport lounge access card allows customers to enjoy free access to airport lounges through a priority pass membership. With the lounge access, members can enter airport lounges and access these benefits:

  • Premium food & drinks
  • Upscale ambience
  • Spa services
  • Rest areas
  • Workspaces

These services depend on the type of lounge and membership.

DreamFolks services

DreamFolks has said that while domestic airport lounge access has been discontinued, it will continue to manage global lounge business and other domestic services.

“In the event of discontinuation of airport lounge services by the above-named suppliers, the Company may experience a material impact on its operations and financial performance. In response to these developments, the Company has strategically accelerated its focus on global lounge business while actively repositioning towards diversified and sustainable offerings, thereby ensuring long-term value creation for clients and stakeholders,” DreamFolks had said in a regulatory filing.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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