diff --git a/changelog/new_opt_in_to_transaction_exit_statement_after_rails_7_1.md b/changelog/new_opt_in_to_transaction_exit_statement_after_rails_7_1.md
new file mode 100644
index 0000000000..74cc333766
--- /dev/null
+++ b/changelog/new_opt_in_to_transaction_exit_statement_after_rails_7_1.md
@@ -0,0 +1 @@
+* [#1535](https://github.com/rubocop/rubocop-rails/pull/1535): Allow TransactionExitStatement to be configured to be enabled for all Rails versions ([@tony-pizza][])
diff --git a/config/default.yml b/config/default.yml
index 74bebd3142..0f4570c903 100644
--- a/config/default.yml
+++ b/config/default.yml
@@ -1202,6 +1202,9 @@ Rails/TransactionExitStatement:
   Enabled: pending
   VersionAdded: '2.14'
   TransactionMethods: []
+  # This rule is disabled by default in Rails 7.2 and above
+  # Set EnableForAllRailsVersions to true to enable this rule regardless of Rails version
+  EnableForAllRailsVersions: false
 
 Rails/UniqBeforePluck:
   Description: 'Prefer the use of uniq or distinct before pluck.'
diff --git a/lib/rubocop/cop/rails/transaction_exit_statement.rb b/lib/rubocop/cop/rails/transaction_exit_statement.rb
index 108fb67957..b2505ee780 100644
--- a/lib/rubocop/cop/rails/transaction_exit_statement.rb
+++ b/lib/rubocop/cop/rails/transaction_exit_statement.rb
@@ -80,7 +80,7 @@ class TransactionExitStatement < Base
         PATTERN
 
         def on_send(node)
-          return if target_rails_version >= 7.2
+          return unless enable_for_all_rails_versions? || target_rails_version < 7.2
           return unless in_transaction_block?(node)
 
           exit_statements(node.parent.body).each do |statement_node|
@@ -127,6 +127,10 @@ def transaction_method_name?(method_name)
         def transaction_method?(method_name)
           cop_config.fetch('TransactionMethods', []).include?(method_name.to_s)
         end
+
+        def enable_for_all_rails_versions?
+          cop_config.fetch('EnableForAllRailsVersions', false)
+        end
       end
     end
   end
diff --git a/spec/rubocop/cop/rails/transaction_exit_statement_spec.rb b/spec/rubocop/cop/rails/transaction_exit_statement_spec.rb
index 775b0f4c31..16232da763 100644
--- a/spec/rubocop/cop/rails/transaction_exit_statement_spec.rb
+++ b/spec/rubocop/cop/rails/transaction_exit_statement_spec.rb
@@ -220,5 +220,18 @@
         end
       RUBY
     end
+
+    context 'when EnableForAllRailsVersions is true' do
+      let(:cop_config) { { 'EnableForAllRailsVersions' => true } }
+
+      it_behaves_like 'flags transaction exit statements', :transaction
+      it_behaves_like 'flags transaction exit statements', :with_lock
+
+      context 'when `TransactionMethods: [writable_transaction]`' do
+        let(:cop_config) { super().merge({ 'TransactionMethods' => %w[writable_transaction] }) }
+
+        it_behaves_like 'flags transaction exit statements', :writable_transaction
+      end
+    end
   end
 end