Initial reviews for
Panzer Bandit were positive. Multiple critics pointed out similarities between
Panzer Bandit and
Treasure's
Guardian Heroes (1996);
Hardcore Gaming 101 in 2019 wrote that
Panzer Bandit was a far better follow-up to
Guardian Heroes than the official sequel,
Guardian Heroes 2 (2004), for
Game Boy Advance. The site liked its RPG-inspired mechanics and gameplay, though they claimed its repetitiveness and lack of additional content prevented it from being as polished as Treasure's game.
Retro Gamer said
Panzer Bandit made for "the spitting image" of
Guardian Heroes, and worth the time of its players. ==Notes==