Loot Rascals received "mixed or average" reviews according to review aggregator Metacritic.[3][4]
Push Square's Kell Andersen rated the game 6/10 stars, calling it an "intriguing" and an "infectiously charming" roguelike. Andersen praised the central mechanics of the game, but criticized the card-based stat system as offering "little strategic variety". He also felt that the game's procedural generation could be "frustrating".[8]
Reviewing for Game Informer, Suriel Vazquez wrote that the game's deck-building was "smart", the combat was "breezy", and the strategy layer was "interesting". Vazquez felt that the combination of procedural generation and the game's difficulty made him feel like a "victim of chance" instead of a "mastermind".[6]
GameSpot's James O'Connor gave the game a 5/10, praising the visuals and monster design, but believed that the game did not have "enough narrative substance to create long-term investment".[7]