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Sprock

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My Equifax score dropped 18 pts, from 604 to 586. With no negative is issues. Can you tell me why?
The only thing I can think of is I opened a Home Depot credit card for $500.

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When you opened the Home Depot card, did you put a large charge on the card of more than 30% of the $500 limit? If so, you increased your "debt to income ratio".

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opening a new card will do that

Just the fact that you opened a new card, if you don't have much credit history will lower your score.  The Hard inquiry will drop your score 3-5 points,  The new account will drop your scor at least 15 points.   Thats 18 points right there.  manage the card well, Pay the bill on time and try to keep utilization below 30% ($150) and you'll see your score bounce back up. 

$500 is a fairly low credit limit.  If you have large charges, try making a payment to the account Before you get the bill so that it doesn't report very high utilization.  

once you've had the card for a while (usually a year)  they will usually bump up your limit, till then, watch your balance closely, Its very easy to go overboard at home depot!   Citibank issues the cards, so you want to make sure you manage the card so that you will be able to get other Citi cards later. 

Good luck

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