01 - Preheat oven to 375°F.
02 - Combine cream cheese, sour cream, 1 cup Monterey Jack, and 1/2 cup cheddar cheese in a large bowl. Mix until smooth and creamy.
03 - Stir in enchilada sauce, green chilies, red bell pepper, green onions, cumin, paprika, garlic powder, salt, and pepper until fully incorporated.
04 - Gently fold in the shredded chicken until evenly distributed throughout the mixture.
05 - Spread the mixture evenly into a 9-inch oven-safe baking dish.
06 - Sprinkle the remaining 1 cup Monterey Jack and 1/2 cup cheddar cheese evenly over the top of the dip.
07 - Bake for 20 to 25 minutes until hot and bubbly with cheese fully melted and slightly golden.
08 - Let cool for 5 minutes, then garnish with cilantro and jalapeños if desired. Serve warm with tortilla chips.