In a large mixing bowl, combine the black-eyed peas and black beans.
Add diced red and green bell peppers to the bowl.
Incorporate the corn into the mixture.
Add the diced red onion and minced jalapeño.
Fold in the chopped cilantro for freshness.
In a separate small bowl, whisk together the olive oil and red wine vinegar.
Sprinkle in garlic powder, salt, and pepper to the dressing.
Pour the dressing over the bean mixture and toss gently to combine.
Cover the bowl and let it chill in the refrigerator for at least 30 minutes.
Serve cold with tortilla chips or as a side dish.