We demonstrate that the crystalline quality of multi‐walled carbon nanotubes (MWCNTs) is better estimated by the apparent activation energy of the oxidation reaction, obtained by kinetic analysis in quasi‐isothermal conditions, than by the peak‐temperature position in the derivative mass loss curves. This is proven by the existence of a good correlation, reported for the first time herein, between apparent activation energy and G′‐band to D‐band intensity ratio derived from micro‐Raman spectroscopy, which is largely accepted as an indicator of the overall MWCNT crystalline quality. In contrast, no clear reliance is found between G′/D intensity ratio and the peak‐temperature position in the derivative mass loss curves. These conclusions were drawn after investigation of a large number of commercially available and laboratory prepared MWCNTs.