To the bowl of a food processor, stand mixer or mixing bowl, add cream cheese. Blend/stir until smooth. Add cheddar cheese, pepper jack cheese, bacon bits, jalapeños, ranch seasoning and chives. Blend together until well mixed, scraping down sides of bowl occasionally. Lay out a sheet of plastic wrap and spoon cheese ball mixture into the middle. Bring up sides of wrap and form cheese mixture into a ball. Place in a bowl and chill in refrigerator for 2 hours.