Although Turner had already scored a UK Top 10 and U.S. Top 30 hit some months earlier with her rendition of "Let's Stay Together", "What's Love Got To Do With It" gave Turner her first and only U.S. number one. The song ranked #309 on Rolling Stone magazine's list of "The 500 Greatest Songs of All Time". It also ranked #38 on Songs of the Century. It was the 17th best-selling single of 1984 in the United Kingdom. In 1993, the song's title was used as the title for the biographical film about Turner's life.
In 2012, "What's Love Got to Do with It" was inducted into the Grammy Hall of Fame giving Turner her 3rd Grammy Hall of Fame Award and her 11th Grammy Award.