Microstructure of the high nitrogen heat‐resistant martensitic steel (HNHM) crept using 140–170 MPa loading stresses at 923 K is investigated in correlation with creep lifetime and creep rupture strength. Upon creep deformation, both recrystallized grains and the preexisted hierarchical structures grow via strain‐induced boundaries migration (SIBM) induce the degradation of strengthening. For preexisted hierarchical structures in HNHM, martensitic packets and blocks are more inclined to form at higher stresses (170 MPa), causing the degradation of strength, while laths retain easily at lower stresses (140–155 MPa), retarding the creep damage. Additionally, under all stresses and upon 923 K, the highly stabilized MN precipitates not only pin the hierarchical structural boundaries effectively, but also act as the core for the nucleation of Laves, realizing strengthening. The findings elucidate the coupling contribution of hierarchical structures and MN‐type precipitates on the creep strengthening for HNHMs, challenging the common viewpoint that the coupling coarsening of lath and precipitates dominates the degradation of strengthening, and thus, deepens the understanding of the creep resistance of the HNHM and provides the first insights into obtaining reliable predicted creep life of the novel HNHMs.