31/1 - Characters' max level is increased to 250!

I think there is no purpose to leveling because I'm not the type to merchant like no tomorrow or spend hundreds of dollars for the equipment needed to pull my weight in high level boss runs.

I think this is exactly the point but I'd like to add that even if you are, there's still no purpose to leveling because being the max level still doesn't unlock any content, nor particularly improve your damage. Even if they uncap AP, leveling beyond 200 will just continue the neverending spiral of diminishing returns that already really isn't worth the effort to get past ~180. If they don't uncap it, then there's literally no point.