Preheat your oven to 350°F (175°C) and grease a bundt cake pan.
In a large mixing bowl, beat the cream cheese and butter together until smooth and creamy.
Gradually add the sugar to the cream cheese mixture, beating until light and fluffy.
Add the eggs one at a time, mixing well after each addition.
Stir in the vanilla extract.
In a separate bowl, whisk together the flour, baking powder, and salt.
Gradually add the dry ingredients to the wet ingredients, mixing until just combined.
Pour the batter into the prepared bundt cake pan, smoothing the top with a spatula.
Bake for 60 minutes or until a toothpick inserted into the center comes out clean.
Allow the cake to cool in the pan for 10 minutes before turning it out onto a wire rack to cool completely.