Gather all your ingredients.

In a mixing bowl, combine the softened cream cheese and shredded cheddar. Use an electric mixer or a wooden spoon to blend until smooth and well incorporated.

Fold in the chopped cranberries, walnuts, garlic powder, onion powder, salt, and pepper.

Place a large piece of plastic wrap on the counter. Transfer the cheese mixture onto the wrap and shape it into a log.

Wrap the cheese log tightly in the plastic wrap. Refrigerate for at least 2 hours or overnight.

If you haven't toasted the walnuts yet, do so now at 350°F for 5-7 minutes.

Once chilled, unwrap the cheese log and roll it in the remaining chopped walnuts and cranberries.

Transfer the cheese log to a serving platter and serve.