Heat a large skillet over medium heat, add bacon slices, and sauté for 6 to 8 minutes until crispy. Drain on paper towel.

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

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

Cover and chill in the refrigerator for at least 30 minutes to meld flavors.