In a medium-sized bowl add 1 (8-ounce) package cream cheese, ¼ cup mayonnaise, 1 ½ cups shredded cheddar cheese, 1 (4-ounce) jar pimentos, ¼ teaspoon onion powder, ¼ teaspoon garlic powder, and ¼ teaspoon paprika. Using a hand mixer, beat the ingredients until combined. Serve with crackers and veggies if desired.