01 - In a medium mixing bowl, combine the sour cream and cream cheese. Beat until smooth and creamy using a hand mixer or sturdy whisk.
02 - Stir in the shredded cheddar cheese, crumbled bacon, chopped green onions, and chives until evenly distributed throughout the mixture.
03 - Add garlic powder, onion powder, smoked paprika, salt, and pepper. Mix thoroughly until all seasonings are fully incorporated.
04 - Transfer the dip to a serving bowl. Garnish with extra cheddar cheese, additional bacon bits, and chopped chives if desired.
05 - Cover and refrigerate for at least 1 hour to allow flavors to meld. Best made ahead for optimal taste development.
06 - Serve chilled with potato chips, waffle fries, or vegetable sticks for dipping.