In an era flooded with a multitude of studies investigating the performance of concrete structures retrofitted using fiber‐reinforced polymer (FRP) materials, this review addresses the critical need for a comprehensive overview of the retrofitting of concrete members using near‐surface mounted (NSM)‐FRP composites, aiming to save time and effort while providing engineers and research community with valuable resources relevant to the field. This review focuses on the key factors influencing both the flexural and shear retrofitting processes of reinforced concrete (RC) beams, such as the percentage, type, size and geometry of NSM‐FRP reinforcement, as well as groove design, groove‐filling materials and beam depth. Moreover, the paper explores the failure modes associated with each retrofitting type, for example, debonding failures, shear/flexural failure and rupture of steel or NSM‐FRP reinforcement, to name a few. The review also delves into the bond behavior of NSM‐FRP‐bonded joints, examining factors, such as the bonded length, surface texture of NSM‐FRP reinforcement and type of bonding agent, which would affect the bond behavior and strength of the joints. The failure mechanisms associated with the bonded joints, such as interfacial bond failure, FRP rupture and splitting of the adhesive cover, are also highlighted. Finally, this compilation aims to guide engineers and researchers by offering a critical and comprehensive database for optimal designs, further development and suggesting future research directions.