Soft magnetoactive elastomers (MAEs) are currently considered to be promising materials for actuators in soft robotics. Magnetically controlled actuators often operate in the vicinity of a bias point. Their dynamic properties can be characterized by the piezomagnetic strain coefficient, which is a ratio of the time-harmonic strain amplitude to the corresponding magnetic field strength. Herein, the dynamic strain response of a family of MAE cylinders to the time-harmonic (frequency of 0.1-2.5 Hz) magnetic fields of varying amplitude (12.5 kA/m-62.5 kA/m), superimposed on different bias magnetic fields (25-127 kA/m), is systematically investigated for the first time. Strain measurements are based on optical imaging with sub-pixel resolution. It is found that the dynamic strain response of MAEs is considerably different from that in conventional magnetostrictive polymer composites (MPCs), and it cannot be described by the effective piezomagnetic constant from the quasi-static measurements. The obtained maximum values of the piezomagnetic strain coefficient (∼102 nm/A) are one to two orders of magnitude higher than in conventional MPCs, but there is a significant phase lag (35-60°) in the magnetostrictive response with respect to an alternating magnetic field. The experimental dependencies of the characteristics of the alternating strain on the amplitude of the alternating field, bias field, oscillation frequency, and aspect ratio of cylinders are given for several representative examples. It is hypothesized that the main cause of observed peculiarities is the non-linear viscoelasticity of these composite materials.