This study aims to investigate the effects of the case depth and hardness distribution of carburizing on the rolling contact fatigue (RCF) properties of G20CrNi2MoA steel under deeper carburizing conditions. Four groups of specimens of different case depths are prepared and subjected to RCF tests. A 2D finite element model based on continuum damage mechanics is developed to further analyze these two factors. As the depth of the carburized case increases, the RCF life first increases and then decreases. The optimum case depth is approximately one‐quarter of the thickness of the specimen. A gentler hardness distribution due to a change in the diffusion process parameters ensures a minimal increase (8%) in the RCF performance. The proper case depth has a more notable effect on the RCF life compared with those of the gentle or steep hardness distribution. It is expected that the results can help to promote a better understanding of the heat treatment process of carburized bearings and ensure more reliable carburized bearings are produced.