Add the black beans, black-eyed peas, corn, tomatoes, bell peppers, red onion, jalapeño, and cilantro to a large mixing bowl. Gently toss the ingredients together until evenly combined.
In a small bowl, whisk together olive oil, lime juice, red wine vinegar, honey, cumin, chili powder, salt, and black pepper until the dressing is well blended.
Pour the lime dressing over the bean and vegetable mixture. Toss gently until all ingredients are coated with the flavorful dressing.
Cover the bowl and refrigerate for at least 30 minutes to allow the flavors to blend together. For the best taste, let it chill for a few hours before serving.
Just before serving, gently fold in the diced avocado to prevent it from becoming mashed or browning too quickly.
Taste and adjust the seasoning by adding more lime juice, salt, or chili powder if needed and serve with tortilla chips, crackers, or fresh vegetables.