Actually, I just found this link that seems to answer the question, it will be free until January 15th 2015, THANKS BUNGIE!
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This actually does not answer the question about the DLC such as the sparrow and the ghost shell DLC. I have both the XB1 and 360 versions to play with friends on either and I am unable to have the DLC on both.
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Seriously? So wait I can't transfer it? Do you know if I can redeem it just directly on my Xbox one if I haven't redeemed it for 360 yet? And thanks for filling me in man that blows
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Thank you, sir!