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The manufacturing of advanced high-strength steels with enhanced ductility is a persistent aim of research. The ability of a material to absorb high loads while showing a high deformation behavior is a major task for many industrial fields like the mobility sector. Therefore, the material properties of advanced high-strength steels are one of the most important impact factors on the resulting cyclic fatigue behavior. To adjust advanced material properties, resulting in high tensile strengths as well as an enhanced ductility, the heat treatment process of quenching and partitioning (QP) was developed. The quenching takes place in a field between martensite start and martensite finish temperature and the subsequent partitioning is executed at slightly elevated temperatures. Regarding the sparsely investigated field of fatigue research on quenched and partitioned steels, the present work investigates the influence of a QP heat treatment on the resulting microstructure by light and scanning electron microscopy as well as on the mechanical properties such as tensile strength and resistance against fatigue regarding two different heat treatment conditions (QP1, QP2) in comparison to the cold-rolled base material of 42SiCr steel. Therefore, the microscopic analysis proved the presence of a characteristic quenched and partitioned microstructure consisting of a martensitic matrix and partial areas of retained austenite, whereas carbides were also present. Differences in the amount of retained austenite could be observed by using X-ray diffraction (XRD) for the different QP routes, which influence the mechanical properties resulting in higher tensile strength of about 2000 MPa for QP1 compared to about 1600 MPa for QP2. Furthermore, the transition for the fatigue limit was approximated by using stepwise load increase tests (LIT) and afterwards verified by constant amplitude tests (CAT) in accordance with the staircase method, whereas the QP1 condition reached the highest fatigue strength of 900 MPa. Subsequent light and scanning electron microscopy of selected fractured surfaces and runouts showed a different behavior regarding the size of the fatigue fracture area and also differences in the microstructure of these runouts.