This paper presents the results of research on the impact of finishing method on surface topography, surface roughness (parameters Ra, Rt, Rpk, Rk, Rvk), surface layer microhardness, residual stresses and fatigue life. Ring samples made of C45 steel were used to conduct the experiments. The following finishing machining methods were selected: slide burnishing, ball burnishing, centrifugal shot peening, centrifugal shot peening + slide burnishing and centrifugal shot peening + ball burnishing. In the first stage, the use of combined shot peening + burnishing enables microhardness to be increased on the surface layer, the values of residual stresses to be increased and the creation of characteristic machining traces on the surface, the so-called “dimples” (effect of centrifugal shot peening). On the other hand, burnishing (slide burnishing or ball burnishing) is aimed at smoothing the surface and providing favorable stereometric properties to the surface layer. It was noted that, after finishing, the surface roughness parameters decreased from 59% to 83% in relation to the reference surface. The exception is the centrifugal shot peening technology. The use of burnishing (slide or ball burnishing) after centrifugal shot peening reduces the surface roughness parameters by a maximum of 82% compared to the value after centrifugal shot peening. The highest increase in microhardness was obtained after centrifugal shot peening + slide burnishing (ΔHV = 105 HV 0.05), while the highest thickness gh (gh = 120 μm) was obtained after centrifugal shot peening + ball burnishing. The combination of centrifugal shot peening and ball burnishing results in the highest absolute value of compressive residual stresses σmax = 602 MPa and depth gσ = 0.41 mm). Application of an additional operation after centrifugal shot peening increases fatigue life from 27% to 49%. ANOVA analysis of variance confirms the significance of the processing effect of centrifugal shot peening combined with slide burnishing (CSP + SB) and centrifugal shot peening + ball burnishing (CSP + BB) on the analyzed dependent surface.