Much like the recent FIFA Ultimate Team announcement this will allow those who choose to not update straight away a chance to compete when they eventually make the step to the next gen.
Below is a graphic showing the one time transfer benefits and the statement below.
Whether you are playing on Xbox 360 or PlayStation 3, we want to make your transition to next generation consoles easy. That is why today we are informing the devoted Battlefield community that all the time and effort you spend building up your Battlefield 4 stats will carry over when you upgrade from the Xbox 360 to Xbox One and from the PlayStation 3 to PlayStation 4.
That way, on October 29, you can get in the game without any worries that you will have to start ranking up all over again when the next generation consoles launch. We got your back.
Today we also wanted to inform the community that DICE is promising to keep the action going all year long with the return of Premium membership for Battlefield 4. With membership, players can expect themed digital expansion packs, new weekly content and personalization options. And just as your stats, unlocks and rank will be transferrable from current-gen to Xbox One and PlayStation 4, so too will Battlefield 4 Premium membership.