Combine feta, cream cheese, roasted red peppers, olive oil, chili flakes, lemon juice, and garlic in a food processor.
Blitz until smooth and creamy, scraping down the sides as needed — about 2 minutes.
Taste and adjust heat with more chili, brightness with more lemon.
Transfer to a serving bowl. Drizzle with olive oil and top with a pinch of chili flakes and fresh herbs.
Serve immediately or refrigerate up to 5 days. Always serve at room temperature.