The influence of strain amplitude on deformation mechanisms and cracking modes during cyclic torsion of the AZ31 magnesium (Mg) alloy was quantitatively investigated via EBSD‐SEM characterization. At 0.42% strain amplitude, basal slip was the dominated deformation mechanism throughout the entire fatigue life. At 1.732% strain amplitude, the activation of deformation mechanisms was featured by the periodic transition: tension twinning + basal slip (during counterclockwise torsion) then detwinning + tension twinning + basal slip (during reverse torsion). Moreover, cracking along slip traces (ST) and tension twins (TTW) were the primary cracking modes at 0.42% and 1.732% strain amplitude, respectively. ST cracking and TTW cracking preferentially appeared in soft‐oriented grains for basal slip and tension twinning, respectively. The underlying mechanisms governing the activation of various deformation mechanisms, cracking modes, and cyclic stress–strain responses were systematically discussed.