Mix together honey and peanut butter in a medium bowl or liquid measuring cup. Microwave peanut butter and honey for 30 seconds if it is too firm to mix with honey.
Measure 4 cups of Cheerios into a large bowl.
Pour the peanut butter honey mixture over Cheerios and stir to coat completely.
Line an 8x8 baking dish with parchment paper. Pour Cheerios mixture into pan and smooth top of bars as much as possible.
Gently press chocolate chips into the tops of the bars
Refrigerate for at least 30 minutes. Then remove from fridge, take bars out of dish using parchment paper.
Cut bars into rectangles or squares and serve!
Video
Notes
I used Banana Nut Cheerios, but you could use plain, honey nut, chocolate or peanut butter-flavored O-shaped cereal.