Preheat oven to 350º Line a 15 x 10 x 1 inch baking sheet with foil. Coat foil with non-stick cooking spray. Place pretzels on baking sheet.

In small bowl, combine honey, melted butter, onion powder and chili powder. Pour over pretzels; toss to coat.

Bake at 350 degrees for 10 minutes. Stir, bake 8 minutes longer.

Cool on wax paper. Stirring gently several times to separate clumps.

Store in air tight container.