Most analyses of phase transformations detected by rare earth ions are based on the luminescence spectrum, while in this study we focus on the luminescence decay processes. We prepared Eu3+-doped (Na, K)0.5Bi0.5TiO3 ceramics and studied their phase structure before and after poling by luminescence spectra, decay curves, and X-ray diffraction (XRD). Luminescence spectra indicated that electric fields induced a transformation in (Na0.8, K0.2)0.5Bi0.497Eu0.003TiO3 (NKBET20) ceramic from tetragonal to rhombohedral phase (R phase). Based on the decay kinetics and the Judd–Ofelt theory, decay curves were shown to identify the fraction of the transformation quantitatively. The data from decay curves suggest that with electric fields increasing from 0 to 50 kV/cm, the R phase fraction increases from about 23 to 89% and the tetragonal phase (T phase) fraction decreases from about 77 to 11%. XRD Rietveld analyses further confirmed the results. In this work, the analyses of the phase fractions are simplified by the monoexponential decay of the pure phases and the biexponential decay of the mixed phase, showing an easy and inexpensive way of studying the phase structures of the materials.