Carbon fiber (CF) exhibit extraordinary properties, such as high specific and tensile strength, high elastic modulus, light weight, and weather resistance, which has led to a rapid increase in the use of CF in sectors such as aerospace, sports equipment, energy storage, automotive, construction, and wind energy applications. However, the increase in CF applications has led to a massive production of CF waste. As CF is non-biodegradable, it results in CF accumulation in landfills. CF waste is a rapidly growing ecological hazard because of its high energy consumption and expensive production methods. The properties of carbon fibers can be preserved even after recycling given the development of recycling technology; therefore, multiple studies have been conducted to demonstrate the effect of recycled carbon fiber (RCF) in different composites such as cement-based composites. This review presents the results of studies conducted on the application of RCF to cement composites and analyzes those results to investigate the effect of RCF on the properties of cement composites such as mechanical properties (compressive strength, flexural strength, and tensile strength), fracture characteristics (fracture toughness and fracture energy), electrical properties, and workability. Overall, the studies demonstrated a positive trend in the application of RCF to cement composites.