Compared to inorganic quantum dots, fluorescent carbon nanomaterials (C-dots) have gained significant attention because of their unique optoelectrical properties and low toxicity. Although many review articles summarized the last research achievements, only a few of them are focusing on red/near-infrared C-dots. Due to their unique optical and optoelectrical properties in the red/near-infrared region, this interesting subclass of C-dots may be applied as important building blocks for several applications spanning from bioimaging and nano-thermometry, to luminescent solar concentrators (LSCs) and photoelectrochemical systems. Therefore, in this review the synthesis and the fluorescence mechanism together with the most important applications in thermometry, bio-imaging, LSCs and photocatalysis of red/near-infrared C-dots are considered. Furthermore, another aim is to highlight the available approaches to improve the carbonization degree and, additionally, to discuss the structure/composition correlated optical properties. Finally, outlooks, future perspectives and challenges are also discussed for these highly promising nanostructures.