Preheat oven to 350ºF. In a medium bowl, mix together cream cheese, mayo, green chilies, jalapeno and red peppers as well as bacon. Add 1/4 cup cheese and mix thoroughly.
In a small baking dish, spoon cream cheese mixture and spread evenly with a spatula; set aside.
In a small bowl, combine the remaining cheese with breadcrumbs. Sprinkle evenly on top of the cheese mixture. Transfer to the preheated oven and bake for 25 to 30 minutes or until the cheese is bubbling. Serve with crudités or tortilla chips.