No - here's the exact text from the website - be sure to read it all - especially the bit near the end where it says you just have to email them to increase the daily limit by upto 10x and the monthly limit by upto 5x :
Awesome, I'm glad you pointed that out to me, I wont bother with that then!
Although I think it's interesting that the 10 fold increase matches level 2 status.