Warm the pot: Set a large pot or Dutch oven over medium heat. Add the oil and let it shimmer.
Brown the turkey: Add ground turkey.
Cook, breaking it up with a spoon, until no longer pink and lightly browned, about 5–7 minutes. Season with a pinch of salt and pepper.
Sauté the veggies: Stir in onion and bell pepper. Cook until softened, 4–5 minutes.
Add garlic and cook 30 seconds until fragrant.
Bloom the spices: Add tomato paste, chili powder, cumin, smoked paprika, oregano, onion powder, garlic powder, red pepper flakes, 1 teaspoon salt, and 1/2 teaspoon black pepper. Cook 1–2 minutes, stirring, until the tomato paste deepens in color and the spices are aromatic.
Add broth and simmer: Pour in chicken broth, scraping up any browned bits from the bottom. Bring to a gentle simmer and cook 10 minutes to let flavors meld.
Melt in the cream cheese: Reduce heat to low.
Add the softened cream cheese cubes and whisk or stir until fully melted and smooth.
Finish with cream and cheddar: Stir in heavy cream. Add cheddar a handful at a time, stirring between additions until completely melted and the soup is creamy.
Brighten and balance: Stir in cilantro and lime juice. Taste and adjust salt, pepper, or heat as needed.
Serve: Ladle into bowls and top with your favorites—avocado, jalapeños, extra cheese, sour cream, or a sprinkle of crushed pork rinds for crunch.