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Low Guard Meter
Make sure that the Title screen has a BLUE background. Hold LP+LK. Select any character. Pick your ISM. Your Player will always hav a low block meter.

No Guard Meter and No Super Meter
This code has both advantages and disadvantages. For the price of your super meter, you no longer have to worry about pesky guard breaks. To use this code, hold fierce punch and fierce kick (before you start the game that is,) tap start, move the cursor on the character you want, release the punch and kick, and select the character you highlighted. Don't feel too miserable when you lose!

Normal Survival Mode
To access Survival Mode hold all 3 punch buttons before you hit the start button to begin your game. When you get to the character select screen it should say "survival mode" at the top left corner of the screen. This means that a second player can not join in and that the fights will only last one round. It also means that your energy bar will only refill partially after each fight. Also the order of the characters you fight is predetermined and you will fight every character if you can beat it for a total of 27-30 rounds of fighting. Which is more than the 20-22 you would normally get when playing the game.

Street Fighter 2 Moves
Hold down HP + HK before you insert your money. Insert your money and hit start. Continue to hold HP + HK until you pick your character, then release. When you start the round your super power bar will be gone and you will have Street Fighter 2 moves.

Super Hard Survival Mode
While at the title screen, hold MID-PUNCH and MID-KICK and press START then choose your character and -ism. You will see at little icon says L/O On/Off at the mid-bottom of the screen when you are playing. If you lose a round, that's it!

Dramatic Battle
On the title screen hold all three kicks and press start. When you pick your fighter you will be teamed up with a CPU buddy.

Hidden Characters
First your Street Fighter Alpha 3 machine has to have been "on" for about a month. These codes are dependent on the time release feature much like the Tekken series by Namco.
For Balrog: go to Karin, stay there while holding start for 5 sec. Now go to any random box still holding start and press any button.

For Juni stay on Karin for 5 sec. go to any random box. If on the right side hold right, if on the left side hold left then press any button.

For Juli stay on Karin for 5 sec. go to any random box. If on the top hold up, if on the bottom hold down then press any button.

Karin's Super Throw
First, use the Low Guard Meter code. Choose Karin and then your ISM. When you throw your opponent, you will take off 25-99% of their life!