I did double check the Olay offer at Target this week. Sadly this is not quite as good of a deal because this time around you must buy 3 participating items rather than 2 to get the $5 gift card. If you are in need of these items, this is still an excellent deal:
Buy 3 Toner at $2.99= $8.97
Use (3) $1/1 coupons from 5/16 SS or 6/6 P&G
Pay $5.97 and get a $5 gift card back!
*The coupon is for any Olay Facial Cleanser and toner should be considered a cleanser.
The facial cleansers are starting at $3.69- buy 3 = 11.07
Use (3) $1/1 coupons from 5/16 SS or 6/6 P&G
Pay $8.07 and get a $5 rebate back
The $20 Olay rebate is still running when you spend $50 total in facial care items. You can also submit for the $12 rebate when you spend $30!

I bought one cleanser and used $1/1 Olay coupon and then I also bought 2 Old Spice Body Washes and used a BOGO coupon so I spent $6.68 and got a $5 gift card back. It works out to $0.56 each! Thanks for posting the Olay scenario!!