Cook the bacon in a skillet over medium heat for about 6 to 8 minutes until crispy. Drain on paper towel.

In a mixing bowl, combine mayonnaise, sour cream, apple cider vinegar, honey, salt, and black pepper. Whisk until smooth.

In a large bowl, combine thawed peas, diced red onion, shredded cheddar cheese, and crumbled bacon. Pour dressing over and fold gently.

Cover and refrigerate for at least 30 minutes before serving.

Stir gently before serving and garnish with parsley if desired.