Combine chili powder, mustard powder, garlic powder, onion powder, cumin, cinnamon, and cayenne pepper in a small bowl.
In a large soup pot, heat butter and olive oil over medium heat. Add the diced onion and jalapeño pepper, sauté for about 4 minutes.
Add minced garlic and cook for another minute.
Season the chicken with salt and pepper, then add to the pot along with enchilada sauce, diced tomatoes, black beans, corn, hot sauce (if using), and chicken broth. Bring to a gentle boil.
Reduce heat and simmer for 15-20 minutes until chicken is cooked through.
Remove chicken, shred it, and return to the pot. Stir in cream cheese and shredded cheeses until melted and well combined.
Taste and adjust seasonings as needed before serving.
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Notes
Store leftovers in an airtight container in the refrigerator for up to 3-4 days.