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A pH‐responsive amphiphilic surfactant stearic amide 3‐(N,N‐dimethylamino)propylamide (SAA) was synthesized and served as a thickener in aqueous solution to construct a switchable viscoelastic surfactant fluid (VES fluid). The structure of SAA was studied by 1H NMR, and the viscoelastic behavior of VES fluid was studied in detail by rheological measurements. The viscosity of this VES fluid can be switched reversibly from low to high immediately by adjusting system pH value. Even at high shear rate (170 s−1) and high temperature (90 °C), excellent viscoelastic behavior of this VES fluid can be observed, which is a key performance for fracturing applications. Meanwhile, the recycled VES fluid can still maintain good pH‐responsive behavior even after more than three cycles. These unique performances of this VES fluid not only enhanced our understanding of the transformation of wormlike micelles at high temperature, but also enriched a large potential of VES fracturing fluid in the development of oil and gas reservoirs. [ABSTRACT FROM AUTHOR]