Spray a 8x8 pan lightly with cooking spray.
Mix your oats and cereal together in a large bowl.
Chop your pretzels up and mix with oats and cereal.
In a small saucepan melt butter, brown sugar, honey and peanut butter on medium high heat until melted. Once it begins to bubble change heat to low and stir for 2 minutes.
Remove saucepan from burner and stir in your vanilla.
Pour your hot mixture over your oats mixture. Stir well. You want to make sure every single piece of oats and cereal is coated.
Pour your mixture into your greased pan and push down with spatula to flatten it.
Sprinkle chocolate chips over top evenly. Use your spatula to press them down so they are embedded in the bars.
Cover with plastic wrap and put in the refrigerator to set for 1 hour.
Cut into granola bar sizes.