Preheat oven to 350°F.

Stir together cream cheese and chili until combined (mixture will be chunky). Stir in 1 cup shredded cheddar cheese.

Spread mixture in the bottom of a 9-inch pie plate or similarly sized pan. Sprinkle with remaining shredded cheese.

Bake until hot and cheese is melted, 10-15 minutes. Serve with tortilla chips.

For a spicier dish, drizzle dip with hot sauce (to taste) after baking.