Prepare the Filling: In a mixing bowl, combine softened cream cheese and shredded cheddar cheese until well blended. Add jalapenos, bacon bits, garlic powder, onion powder, salt, and black pepper. Stir until evenly mixed, then set aside.

Assemble the Egg Rolls: Lay one egg roll wrapper in a diamond shape. Spoon about a tablespoon of filling onto the wrapper's center. Fold the bottom corner over the filling, tuck in the sides, and roll upwards, sealing with water or egg wash.

Heat the Oil: Heat two inches of vegetable oil to 350°F (175°C) in a skillet. Carefully lower egg rolls into the hot oil, frying for 2-3 minutes on each side until golden brown.

Drain and Cool: Remove egg rolls with a slotted spoon and place them on paper towels to drain. Let cool for a minute or two before serving.

Serve the Egg Rolls: Arrange warm egg rolls on a platter and serve with favorite dipping sauces like ranch or spicy aioli.