Preheat oven to 350°F and line a baking sheet with parchment paper.
Cream together the butter, cream cheese, brown sugar, and granulated sugar until fluffy.
Beat in the egg and vanilla until smooth.
In a separate bowl, whisk flour, baking powder, and salt.
Gradually add dry ingredients into the wet mixture until combined.
Fold in chocolate chips.
Scoop spoonfuls of dough onto prepared baking sheet.
Bake for 10-12 minutes until edges are lightly golden.
Cool slightly before serving.