Pour peanut butter and honey into a microwave proof dish. Microwave on high for 1-2 minutes until the mixture is creamy and smooth. Stir well.

While the peanut butter is mixture is still warm, add the Cheerios to the bowl. Stir the cereal in gently. Keep folding and stirring until all the Cheerios are evenly coated.

Pour the Cheerio mixture into a prepared 9”x13” dish (spray the bottom and sides of the pan with non-stick cooking spray or line it with wax paper). Press the Cheerios firmly into the pan. Let the cereal cool completely before cutting into bars.