I've spent an insane amount of time reading this forum since I stumbled onto it...it's worse than crack

.
So after reading the TYP Devaluation thread, I've decided to apply for the PPE card, since I want to use fixed-point redemption.
If I apply today, assuming my application is complete, does it take for me to use my TYP to redeem a fixed redemption ticket?
Spoke to several CSRs and managers at both TYP and PPE applications, but they all seem to give conflicting info. So far it seems:
7-10 days to approval application. No more instant online approval?
Once approved, can I immediately call TYP network and book a ticket? Or do I need to have the card physically in my hands?