Preheat oven to 350°. In a large bowl, cream butter, cream cheese and sugars until light and fluffy. Beat in vanilla. In another bowl, whisk flour, baking soda and salt; gradually beat into creamed mixture. Stir in pretzels, cranberries and baking chips.
Drop dough by rounded tablespoonfuls 2 in. apart onto greased baking sheets. Bake 11-14 minutes or until edges are golden brown. Cool on pans 2 minutes. Remove to wire racks to cool.