In a large mixing bowl, combine black-eyed peas, corn, red bell pepper, green bell pepper, red onion, cherry tomatoes, and cilantro.

In a separate bowl, whisk together olive oil, red wine vinegar, lime juice, garlic powder, cumin, salt, and pepper.

Pour the dressing over the vegetable mixture and stir to combine.

Serve immediately or refrigerate for 30 minutes to allow flavors to meld.