No, not necessarily. Depending on whether you verify your account or not you have different
card limits.

E.g. as an unverified user:

• Value of lifetime purchases: 2500 $
• Maximum ATM Withdrawal (lifetime): 1000 $

E.g. as an verified user:

• Value of purchases: 20000 $
• Maximum ATM Withdrawal (day): 2000 $
• No Limit for purchases or ATM Withdrawal (lifetime)

As you can see the lifetime load limits for the Xapo Card are rather low if you are uninterested in verifying your account.