His 1968 composition has become an acknowledged standard, with numerous cover versions having been recorded. In addition to his 1968 sparse acoustic recording of the song, Rush later recorded a more lush, orchestrated pop version for Columbia Records featuring a screaming electric guitar solo for his 1974 album Ladies Love Outlaws.
The song was also used as the title of its parent album. The single was slightly different as it features a John Walker harmony vocal not present on the album version which in turn includes female backing singers absent from the single.
"No Regrets" was a major hit spending twelve weeks on the UK Singles Chart and peaking at #7 in February 1976 giving Rush belated Top Ten exposure as a songwriter in the UK. The single would prove to be group's final taste of commercial success while together as the parent album their subsequent releases failed to find a wide audience. The B-side "Remember Me" was written by John Walker under the pseudonym A. Dayam.