Prep Your Ingredients. Grate the cheeses and measure out your spices.
Melt the Cheeses. In a skillet, combine the grated cheeses with a little heavy cream over low heat.
Add Flavor. Stir in the canned chili and spices, mixing well.
Simmer to Perfection. Continue to cook on low heat for 5 minutes, stirring until the cheese is fully melted and the mixture is smooth. Transfer the skillet to a preheated 400F oven and cook for 10 minutes.
Serve Warm. Keep warm in a skillet. Serve with tortilla chips and optional garnishes like jalapeños or cilantro.
Enjoy! Gather around and enjoy this cheesy, flavorful dip!