01 - Combine sour cream and softened cream cheese in a medium mixing bowl. Beat with hand mixer or whisk until completely smooth and creamy, ensuring no lumps remain.
02 - Fold in shredded sharp cheddar cheese, crumbled bacon, chopped green onions, and fresh chives. Mix gently until evenly distributed throughout the creamy base.
03 - Sprinkle in garlic powder, onion powder, smoked paprika, salt, and black pepper. Stir thoroughly until all seasonings are fully incorporated and flavor is uniform.
04 - Spoon the dip into a serving bowl. Top with additional shredded cheddar, bacon bits, and chopped chives if desired for visual appeal and extra flavor.
05 - Cover the bowl tightly with plastic wrap and refrigerate for at least 1 hour to allow flavors to meld together and develop depth.
06 - Serve chilled alongside potato chips, waffle fries, or fresh vegetable sticks for dipping.