От goldbane (1,024 – 10·10) 05.03.2010 (Обновление 3.3.2)
Confirmed that I could still get the White Punch Card as Alliance, even after I've already completed the quest.

Octuva 04.07.2010 (Обновление 3.3.5)
Also confirmed got it today on an alt

От Rankkor (62,950 – 29·110·360) 25.09.2009 (Обновление 3.2.2)
if I'm horde, this card won't drop for me at all?

I don't care if I can't do the quest ,I'd love to keep this card as a souvenir, even more so now that on cataclysm gnomer is gonna be reclaimed, so this instance (along with many others) will go bye-bye mode.

Duvvani 09.11.2009 (Обновление 3.2.2)

yes, the card will drop for the horde

От kgurnhill (10,489 – 2·13·87) 30.04.2010 (Обновление 3.3.3)
You DONT have to be on the quest to pick up the white punch card - you can get the card THEN go accept the quest/hand in the quest isnt required to use the terminals used to make it into a higher Level Card either.
Before i get downrated/Purged AGAIN... i would like to add that i went and picked up the item MYSELF - not an ouside source... so im 100% certain on this one...
Feel free - Downrate as happened last time i posted this..... i just wanna say - GO TEST YOURSELF to those that would downrate this

As you can see ive been downrated too many times even tho the information im posting is 100% accurate - and verified myself!

От Jubjub (5,753 – 1·15·64) 22.12.2008 (Обновление 3.0.3)
If you are not on the quest, i would advise that you still got all the cards. I was on my paladin (level 21) looted all these cards without the quest and was able to turn in once i got to 25 and took the quest. Also, they do not take up 4 slots in bag anymore, only 1. When you use a new punch machine, the new card will replace the one in your bag.