The application of the UHF RFID technique in non-destructive testing (NDT) and structural health monitoring (SHM) has gained increasing attention due to its wireless, battery-less, and cost-effective attributes. It offers a promising approach for SHM and the Internet of Things (IoTs). This paper reports commercial off-the-shelf (COTS) flexible UHF RFID tag-based sensors for corrosion characterization on coated mild steel. Two types of COTS flexible UHF RFID tags with different bends are fabricated as sensors. The received signal strength indicator (RSSI) measurement is implemented to characterize the corrosion. Three parts (T-match area, dipole arms, and dipole loadings) of the two tags are tested for sensing purposes, and comparison and discussion of sensitivity, read range, and results are provided. This study successfully validates the feasibility of the proposed tag-bent method for corrosion characterization undercoating. It can be concluded that the dipole arm part of the applied COTS tags is the most sensitive area.