Absolutely. Circle psus are all fancy looking and their marketing is designed to fool ppl into believing that they are getting a quality psu. The reverse is more true. Circle psus are some of the worst name branded psus on the market. I'd be very surprised if that psu could actually deliver even close to 500w, generally they tend to fry if pushed more than @ 250-300w for any length of time.
Circle stays in business because they use 10 year old group regulated designs, cheapest possible components, cut corners and basically put a fancy paint job on a $3 psu that they then sell for $40, big profits per unit, nothing but the basics inside. For perspective, Circle psus are 10x worse than anything you'd find in Dell, HP, Lenovo etc factory OEM pre-built pc's.
For a 3060ti you should be looking at a higher quality psu in the 650w catagory, there aren't any good ATX psus at 600w, and 550w is pushing it unless you have a lower power cpu like a 65w Ryzen or i3/i5 Intel.